date:May 24, 2016
nd to really rebound very strongly (in 2016/17) knowing we are still in a somewhat subdued economic environment, he added.
Bron said overall cocoa supplies were good following the surplus in 2014/15, with overall combined certified stocks for London and New York futures around a five-year high.
He noted, however, that London cocoa futures were trading at inverses with nearby prices at the premium to forward months.
Inverses are a reflection of the fear factor of a sizeable deficit and forward