Since the publication of the first edition of the The international Cocoa Trade, the cocoa market has become increasingly sophisticated and has seen a number of changes.
The include the bulk delivery of terminal market cocoa, recent changes introduced by LIFFE in the area of quality assessment and the move towards harmonisation of physical contract terms within the EU. Trading techniques worldwide have continued to improve in line with improvements in communications and, despite current low prices, cocoa is still the 7th largest food commodity exported in the world. |
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