BMI View: Reports suggesting that the 2012/13 cocoa harvest is of an excellent standard will come as welcome relief to a sector hit by bad weather and concerns over quality in recent years. With the EU bringing in tests for the heavy metal cadmium, the industry will need to rise to the challenge of maintaining these improvements in cocoa quality. If they can do so, they will be well placed to take advantage of the higher prices expected from 2015 onwards as the EU recovers and West African rivals struggle. Corn farmers also look to be enjoying a better-than-expected harvest …
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