Tuesday, 3 May 2011
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Cocoa Poised to Tumble as Maersk Cargo Signals Price Peak: Freight Markets
The departure of a ship laden with about 8,000 metric tons of cocoa from the Ivory Coast port of Abidjan two weeks ago may mean the end of a rally that drove prices to the highest in three decades. The Maersk Norfolk, owned by A.P. Moeller-Maersk A/S, the world's biggest container line, arrived in the Belgian port of Antwerp two days ago, ship-tracking data compiled by Bloomberg show. The cargo
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