Deliveries of cocoa to warehouses in Brazil's main growing regions were slow in the last week, data from Bahia Commercial Association showed, but will pick up again in May once the mid-crop harvest starts. Total Brazilian cocoa arrivals, including imports, reached 3.96 million 60-kg bags from May 1, 2010 to April 10, up 15 percent from the same period of last season, data from the Bahia Commercial Association showed.
The May-April season looks set to end with total output a good deal higher than last year, helped by one of the best main crop harvests in years compensating for the poor mid crop before it. The main crop runs from October to late April. Farm gate prices in Bahia improved to 75-77.00 reais per arroba ($47.14-$48.4), up slightly from 74-76 reais in the previous week. Cocoa futures prices have been influenced heavily by political unrest in top cocoa grower Ivory Coast. The weather in Bahia was forecast to remain mostly dry and sunny, with showers forecast to intensify over the weekend.
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