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Thursday, Jun 15, 2006
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 Agri-Biz & Commodities - Plantations


Short of demand

K.K.Mustafah

RULING STEADY: A grower tending his cocoa plantation near Kothamangalam, Kerala. Cocoa is mainly cultivated in Kerala, Tamil Nadu, Karnataka and Andhra Pradesh with the total area under the crop at over 52,000 hectares. Domestic production, around 31,000 tonnes, is, however, short of demand by at least 10,000 tonnes. Globally, cocoa, currently ruling at $1,470 a tonne, has escaped the large-scale fall in commodities' prices as buyers have seen opportunity to buy it at every fall.

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