Drastic Fall in Cocoa Prices Effect Ecuador Exports

 

Last Friday, cocoa closed on the NY stock exchange at $2112 per ton, a year ago at this time it was at $3200 per ton.

The drastic fall in prices has caused an 11% decrease in revenues generated on cocoa export sales in Ecuador in the first trimester of 2012, compared to the same period a year ago.

Locally, the price per “quintal” is at $90 when a year ago it was at $160.

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