Ivorian cocoa arrivals gap narrowing
Cocoa arrivals at
ports in top grower Cote D’Ivoire reached around 1,111,067 tonnes by
August 15, exporters estimated on Monday, narrowing the gap versus last
year’s arrivals to around 10,000 tonnes.
The figure compared with 1,122,023 tonnes in the same period in the previous October 2008 – September 2009 season.
Exporters estimated
around 11,500 tonnes of beans were delivered to the West African
state’s two ports between August 9 and August 15, up from 2,022 tonnes
in the same week a year ago.
The markets are closely watching the crop to see if it can beat last
year’s output of 1.22 million tonnes, which was the lowest for five
years.
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