Monthly Review of the Cocoa Market Situation, May 2008

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

Chart II shows the evolution of the ICCO daily prices denominated in U.S. dollars and SDRs for the period from March to May 2008.  Chart III depicts the link between the ICCO daily prices and the Dow Jones Commodity Index.