date:Jul 08, 2013
later this month.
Cocoa beans are ground to produce roughly equal parts of butter and powder, which is used to make cakes, biscuits and drinks.
WEEK AHEAD
Grinders expect butter ratios to stay at multi-year highs next week because of seasonal demand. I foresee ratios rising to 2.20 to 2.30 times. I think demand will stay strong even after the summer holidays, said the grinder in Malaysia.
Butter ratios last stood around 2.20 times London futures in 2006, and were at 2.30 in 1999.