The current review of the cocoa market situation reports on price movements on the international markets during  the month of January 2008.  Chart I illustrates price movements on the London (LIFFE) and New York (ICE Futures U.S.) markets.

  Chart II shows the evolution of the ICCO daily prices denominated in U.S. dollars and SDRs for the period from November 2007 to January 2008.  Chart III illustrates the link between the arbitrage spread in respect to the New York and London futures prices and the exchange rate of the U.S. dollar against the Pound Sterling in January.

ICCO Secretariat

International Cocoa Organization
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London W5 1YY
United Kingdom

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