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CS Agriculture Softs Sep 13 |
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Whilst the trend in cocoa prices in London is up, sugar and coffee prices in New York have yet to recover. Prospects of a deficit on the cocoa market in the current season and concerns about Western African supply in 2013/14 have pushed cocoa quotations to a one-year high. High Brazilian harvests, in contrast, are mainly responsible for the lower prices for Arabica coffee and sugar, especially since the weak real is having asimilar effect. Political initiatives and competition from ethanol should nevertheless lead to a moderate price increase.
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