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Cocoa deficit

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Commodity: Cocoa
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Despite a drop in demand, cocoa has risen to levels not seen in months, with prices propped up by falling production worldwide. Especially as food giant Kraft preps for a second bid for U.K.-based Cadbury

The is probably due to the drop in Global Cocoa Production. Due to deteriorating harvesting conditions, the world's top cocoa producers: Ivory Coast, Ghana, Indonesia, Nigeria and Cameroon are producing less and as a result forcing prices to go up [1].

  1. "Chocolate Cravings" Article from Hardassetinvestor
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