Cocoa Gains on Speculation Adverse Weather Will Hurt Indonesia's Harvest

(Bloomberg) -- Cocoa gained for the first time in three
days in London on speculation adverse weather in Indonesia, the
world's third-biggest producer, will lead to a smaller harvest.

Production in Indonesia's Central Sulawesi province may fall
``more than 10 percent'' this year after floods and landslides
last month damaged plantations and cut off distribution, Herman
Agan, head of the local chapter of the Indonesian Cocoa
Association, said in a telephone interview yesterday.


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Cocoa Rebounds on Report Indicating Rising Demand From European Processor

(Bloomberg) -- Cocoa in New York rebounded from two
sessions of losses after a report indicated rising demand from
European processors such as Cadbury Schweppes Plc and Nestle SA.

Companies used 3.4 percent more beans in the second quarter
than a year earlier, the European Cocoa Association in Brussels
said today in a report. Cocoa grindings, a measure of how much of
the commodity is made into chocolate, rose to 323,353 metric tons
from 312,817 metric tons, according to the group.


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