Friday, December 23, 2011

U.S. Dollar Strengthens, Cocoa Price Weakens

At the close of trading on the Nymex, early Tuesday (11/21/2011), cocoa futures have lowering. Cocoa prices weakened due to higher U.S. dollar exchange rate.

The increase in U.S. dollar exchange rate resulted in commodity prices traded in U.S. dollars tend to be more expensive for overseas buyers that demand tends to decline.

Meanwhile, concerns about the financial condition worsening European descent are also encouraged cocoa futures prices on the London stock exchange NYSE. Prices of cocoa futures contracts for delivery in March 2012 has decreased significantly by 47 U.S. dollars (1.88 percent) and closed at 2458 U.S. dollars per ton.

Various commodity prices, particularly cocoa, on the market in the city of Kendari, Southeast Sulawesi (Southeast Sulawesi), tends to move up. Cocoa prices at the level of the price of Rp 19,200 per kilogram previously Rp 19,000 per kilogram.


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