Eagle Summit Corporation Explores Cocoa Market
At this moment, cocoa is a scarce material: demand has been rising, supply has been stable, so prices have gone up.
- (1888PressRelease) May 07, 2011 - The global cocoa market is a focus of much attention at the moment. Global prices are close to record highs and are likely to stay strong for some time to come. About a year ago the single largest cocoa trade in 14 years of 240,000 tonnes of cocoa beans (seven per cent of the entire world's supply) valued $992m occurred.
High prices are the result of surging market demand and limits to available supply. At this moment, cocoa is a scarce material: demand has been rising, supply has been stable, so prices have gone up.
Rising per capita incomes are fuelling higher demand for chocolate-based products in developed and emerging markets. Chocolate consumption in India, China and demand has been increasing by 15-20% annually and this is expected to continue.
On the supply side there are signs that production is being hit by poor weather conditions, underinvestment in cocoa plantations and a shift of production away from cocoa towards lucrative products such as rubber. Without renewed investment in planting trees, cocoa supply will continue to diminish. Current production capacity is already past its capacity, with trees that were planted 25 years ago being consumed faster than they are replenished.
If these conditions persist, Eagle Summit Corp's investment experts predict that cocoa prices will continue to steadily rise in the near future.
-About Eagle Summit Corporation-
Founded in 2005 and based in Cyprus, the goal at Eagle Summit Corp is a simple one: to work with talented entrepreneurs and management teams to develop ground-breaking products and build substantial business enterprises around them. We have raised a series of partnerships, with current committed capital in excess of $450 million, and helped build hundreds of companies, 60 of which have gone on to successful IPOs and more than 45 of which have gone on to successful mergers.
-Contact Info-
Hector Kosko
Eagle Summit Media Coordinator
press ( @ ) eaglesummit dot com
www.eaglesummitcorp.com
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