Fri, 11 May 2012 09:44:00 +0400
Last week the price of cocoa future for June remained within the narrow range of 2280-2350. After the price drop, caused by the statement made of the government of Ghana concerning possible lack of 71 t.t. of cocoa at storages, the price failed to get over 2350.
Fundamental factors for the nearest future include the following:
- good forecast for intermediate crop in West Africa,
- prediction of sufficient precipitation for the nearest 10 days,
- cocoa processing during the 1st quarter of 2012 was lower than last year,
- cocoa stocks at stock ICE exchange storages remain above 5-year level.
According to Commodity Trading Department of Masterforex-V Academy, by the end of June future price may drop. Seasonal trend gives another proof to such price development. Demand-supply analysis for next year shows that there may form balance or minor deficit. What is more, in such circumstances price development usually coincides with seasonal trend.
You are free to discuss this article here: forum for traders and investors
On June 06 Armenia presented a unique development at technology market – Armenian smartphone. As informed to the “Market Leader” a large company Technology and Science Dynamics has become the manufacturer of ArmPhone.
Price of benchmark crude oil keeps rising, on Wednesday, June 08, it was trade close to maximal points for 11 months after publication of data on stocks of fuel in the United States of America.
Saudi Arabia continues looking for ways to considerably reduce its dependence from petroleum as soon as possible. The country’s government has recently approved the plan of economic reforms, developed mostly for solving the abovementioned task. According to this plan, the level of “black gold” recovery in the country has to be frozen at the same level till 2020.
Apple may refuse from traditional update of iPhone once in 2 years and increase this term. From now on a new model of iPhone will appear only once in 3 years. In between the release of new models the company will improve the previous version.
A 4-incher screen iPhone SE has entered the market a short while ago, but users’ reaction to it can be compared to that to iPhone 6 Plus, when Apple has changed the body design and increased a form-factor. Experts and users have divided into two groups – some suppose that Back to Basics is a logical and correct step, whereas others are certain in failure of the novelty.