Thursday, June 9, 2011

Uganda gains as West African cocoa harvests drop

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BY Patrick Kagenda

According to the International Cocoa Organization monthly review of the cocoa market situation in April 2011, daily cocoa prices averaged Us$3,134, down by Us$259 compared to the average price recorded in the month of March when the commodity was trading at Us$3,393 and ranged between Us$3,048 and US$3,339.

However, while the report projects Ivory Coast in 2011 to have a good harvest, the cocoa farms in West Africa have been under- invested and trees are aging and

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