ICCO Monthly Review of the Cocoa Market Situation - December 2007

Jan. 14 - The current review of the cocoa market situation reports on price movements on the international markets during the month of December 2007. Chart I illustrates price movements on the London (LIFFE) and New York (ICE Futures U.S.) markets in December. Chart II shows the evolution of the ICCO daily prices denominated in U.S. dollars and SDRs for the period from October to December 2007. Chart III illustrates the link between New York futures prices and the exchange rate of the U.S. dollar against the Pound Sterling in December. Chart IV shows the end-of-month stocks in licensed warehouses in the United States and the arbitrage spread between the LIFFE and ICE futures markets.