Higher cocoa prices prompt Ivory Coast future sales

09/26/2013 | Bloomberg

With cocoa futures in a bull market, Ivory Coast said it would sell beans for delivery in 2014-2015. “It looks like they are taking advantage of the higher prices,” Kona Haque, an analyst at Macquarie Group, adding, “Prices need to stay high to accelerate selling and to dampen short-term demand.”

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