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Goldman cuts cocoa price forecasts

This article was originally published in The Public Ledger

GOLDMAN Sachs cut its three, six and 12-month cocoa price forecasts by 9.3% on the growing potential for supplies to outpace demand in the 2011/12 season started last month. Cocoa will be at $2,450 a tonne on ICE Futures US in three, six and 12 months, down from a previous estimate of $2,700 a tonne, Goldman said.



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