(Bloomberg) -- Cocoa in New York rose the most since
March on speculation dry weather in West Africa may harm the
crop, leaving global supply short of demand this year.
The crop harvested from May to September in Ivory Coast, the
biggest producer, may have been hurt by drier-than-normal weather
earlier this year, Meteorlogix LLC in Woburn, Massachusetts, said
in a report today. Global demand will exceed output by 238,000
metric tons in 2007 as the dry conditions cut supply, Fortis Bank
SA/NV and VM Group said in a report last month.
Read more at Bloomberg Commodities News
March on speculation dry weather in West Africa may harm the
crop, leaving global supply short of demand this year.
The crop harvested from May to September in Ivory Coast, the
biggest producer, may have been hurt by drier-than-normal weather
earlier this year, Meteorlogix LLC in Woburn, Massachusetts, said
in a report today. Global demand will exceed output by 238,000
metric tons in 2007 as the dry conditions cut supply, Fortis Bank
SA/NV and VM Group said in a report last month.
Read more at Bloomberg Commodities News
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