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Video / 29 January 2014 at 14:56 GMT

Wheat climbs but cocoa soars

Lea Jakobiak

Corn is bouncing back from the lows we saw earlier this month and wheat is starting to recover too, and it's all down to the cold weather, according to Saxo's Ole Hansen. He adds that export demand for wheat from Egypt is also lending support. 

Cocoa has surged to a 28 month high; demand in the soft commodity is increasing at a time when supply is not keeping up. But when it comes to sugar, it’s actually the other way around; there’s ample supply and demand is stable. Ole says India may not export as much as planned, and any upside will be due to position adjustments rather than changes in fundamentals.

Clare MacCarthy Clare MacCarthy
Ouch. That'll hurt my Cadbury's habit :-(
Umbeluzi Umbeluzi
LOL.... !
fxtime fxtime
Now Clare you mean your Kraft habit :-) The Brummy firm is now commonly known as bubbles as Kraft have gone out of their way to reduce the bars and increase the amount of bubbles are in the chocolate to maximise the bar size but reduce the weight/content. Next time look at the Cadbury stock display and see how many aerated bars they now offer.
Clare MacCarthy Clare MacCarthy
Gosh fxtime, you're absolutely right. I just checked the Cadbury site: My beloved Flake is still there and the Wispa has returned. But they've now been joined by the Bubbly, the Bubbly White, the Bubbly Mini and even chocolate-coated popcorn. Sacrilege! Those Yanks are playing trivial pursuits with the chocolate that built an empire—even Queen Victoria loved it!!
fxtime fxtime
Hmmm I will avoid chocolate now that you have said that as Queen Victoria was shall we say heavy set.....too many Flake Bars perhaps LOL I love your comment on playing Trivial Pursuit with chocolate.
Clare MacCarthy Clare MacCarthy
Pray chew, not eschew, dear fxtime! My excuse is that the Old Vic lived to a vast age and I would like to emulate her longevity (even if that means importing to Denmark at great expense).
Clare MacCarthy Clare MacCarthy
Thanks fxtime, og godnat :-)
Ole Hansen Ole Hansen
The weather related stabilization in CBOT wheat proved short-lived yesterday and the price dropped to a three-and-half years low on news that Egypt, one of the worlds largest buyers, bought most of their latest tender from Russia. In Paris the milling wheat touched 181 EUR/tons, the lowest level since December 2011.


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