BRAZIL COCOA EXPORTERS UNLIKELY TO LIMIT SALES
Brazilian cocoa exporters are not
likely to follow the example of Cocoa Producers Alliance, CPA,
members, who may limit sales of the product in an effort to
boost world prices, trade sources said.
    They said a similar procedure was taken in the past in
Brazil and that it did not work out according to plans.
    "The cocoa market is completely free. Unlike coffee, which
is controlled through export registrations, cocoa exporters in
Brazil operate at their own free will," a trade source said.
    The traders were responding to questions whether they would
follow the example of CPA members meeting in Yaounde.
    The sources said the Banco do Brasil's Foreign Trade
Department, CACEX, never interferes in the cocoa market by
rejecting sales that do not meet certain price or shipment
criteria.
    "The position of local producers is always to negotiate as
they please. If they buy for ten and sell for eleven and think
it's a good deal, they are free to go ahead," one source added.
 Reuter
