Cocoa Prices Up in 2012?

JAKARTA : Despite the economic slowdown in the UnitedStates and Europe potentially suppress the demand, but the price of cocoa beans is expected to remain up to U.S. $ 3,300 per ton toU.S. $ 3,500 per ton in 2012.

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Oil leads commodities price plunge?

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(FT.COM) -- A record plunge in oil prices led the sharpest sell-off in commodities in two years as investors fled the market amid mounting concern over the strength of the global recovery.

Investors on Thursday dumped dollar-denominated commodities that would benefit from rising inflation after weaker-than-expected jobs figures were released in the U.S. and Jean-Claude Trichet, European Central Bank president, signaled that an interest rate increase was unlikely in June, sending the euro lower.

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Ivan Glasenberg, the chief executive of Glencore, was inspired to get into commodities trading when as a young man in South Africa he observed a trader in South Africa sourcing candle wax from South America and selling it to Japan. In 1984 Glasenberg landed a job at Marc Rich & Co. and caught the eye of legendary trader Rich when despite anti-Apartheid boycotts of South Africa he managed to find buyers for the country’s coal.

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