COPAL COCOA Info

Large specs aided the recent coffee price gain as they sharply reduced their short position to 7,100 as of Jan 6. USDA coffee summary: 2007-08 world coffee production 117.8 mln bags (-4.7% vs 2006-07’s 122.9 mln); 2007-08 world ending stocks at a record low 18.3 mln bags. COCOA — March cocoa prices fell to a 1-month low. ................
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