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
There are hundreds of companies manufacturing smartphones worldwide. Still, there is only one company in the world that is capable of making most of the revenue in the industry. In particular, 92% of the entire revenue generated in the global smartphone market belongs to Apple.
The recent stock market plunge in China cost the world’s second biggest economy at least 2 500 billion dollars of stock market capitalization. That is the major reason why the Chinese stock market indexes have lost more than 30% of its value over the last few weeks, Masterforex-V Academy reports.
The Chinese authorities have temporarily banned public Chinese companies from trading their stocks in order to reduce the increased volatility in the Chinese stock market and defend the interests of multiple investors, Market Leader reports.