Sunday, 22 May 2011
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Cocoa Drops as Global Supply Rises; Sugar Gains; Coffee Retreats
Cocoa fell to a four-month low in New York amid signs that global supplies are rising. Sugar climbed, while coffee dropped. In the year started Oct. 1, cocoa demand will trail production by 102,000 metric tons, Kona Haque, a London-based analyst for Macquarie Group Ltd., said in a report e-mailed yesterday. This year's harvest in Ghana, the world's biggest producer after Ivory Coast, will reach
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