Wednesday, 2 March 2011
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Cocoa may rise
Cocoa in New York may average $4,000 a ton in the fourth quarter, according to Standard Chartered Plc, which raised its forecast for the three-month period by 18 percent from $3,400."We see good value in longer-dated contracts, particularly the September 2011 and December 2011 cocoa contracts, which coincide with seasonally high demand ahead of Christmas sales," analysts Abah Ofon, Koun-Ken Lee
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