Monthly Review of the Cocoa Market Situation, April 2008

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

Chart II shows the evolution of the ICCO daily prices denominated in U.S. dollars and SDRs for the period from February to April 2008.  Chart III depicts the link between the ICCO daily prices and the Reuters-CRB Index.  Finally, Chart IV shows the recent development in the volatility of cocoa and coffee prices.