why did the all time high prices of cocoa this July decline in price tremendously?

all time high
[~| SHINKIRO |~] asked:

I heard and read that the diseases (Black Pod Fungal Disease) killed off many of the cocoa plants, which made the supply far understock then the demand. This created the INCREASE of cocoa prices, I believe. So I don’t think that the disease is the cause. Unless you have details to support you assumption



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2 Responses to 'why did the all time high prices of cocoa this July decline in price tremendously?'

  1. kork - May 29th, 2009 at 3:57 am

    The crops had decease problems.

  2. Ed Atun - May 31st, 2009 at 11:11 am

    The prices went up then down in a short time. There has been a big drop in demand because of the economic crisis. The prices will continue to drop. Cocoa is not a staple for most people. It is a luxury..


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