Source Pravda.Ru

Price of cocoa rises after Ivory Coast bans exports

43148.jpegCocoa rose to $2,225 per tonne in London - the highest since a spike in May last year - leading to fears that the price of chocolate will increase if the ban stays for longer than a month.

Cocoa makes up about a quarter of the price of a bar of chocolate. Although the crop harvest in Ivory Coast was better than usual this year, any supply disruptions due to the continuing political uncertainty could force the price even higher, according to Telegraph.co.uk.

The European Union, responding to Alassane Ouattara's call for a halt to cocoa and coffee exports, on Monday said a trade embargo was a future "option" if existing sanctions failed to squeeze out Laurent Gbagbo.

Ouattara, internationally recognised as the winner of Ivory Coast's recent presidential election, earlier on Monday moved to choke off funding for his rival Gbagbo by ordering the immediate stoppage of cocoa and coffee exports, News24 reports.

 

Comments
Former GRU officer exposes two Russian Salisbury spies
The Globalization of the Law: A chimera
Russia exposes audio recording proving Ukraine's implication in MH17 disaster
Russia exposes audio recording proving Ukraine's implication in MH17 disaster
Kremlin refuses to announce Russia's further steps against Israel over Il-20 shootdown
Kremlin refuses to announce Russia's further steps against Israel over Il-20 shootdown
Israel's Netanyahu calls Putin, blames Syria for Il-20 crash
Israel's Netanyahu calls Putin, blames Syria for Il-20 crash
Russia sees Israel as enemy after Il-20 shootdown
Israel's Netanyahu calls Putin, blames Syria for Il-20 crash
How Russia can respond to Israel following Ilyushin Il20 shootdown
The Globalization of the Law: A chimera
Putin: Ilyushin shootdown is incidental
Russia sees Israel as enemy after Il-20 shootdown
Kremlin refuses to announce Russia's further steps against Israel over Il-20 shootdown
Will USA strike Russian forces in Syria?
How Russia can respond to Israel following Ilyushin Il20 shootdown
How Russia can respond to Israel following Ilyushin Il20 shootdown
Russia tests unique invisible missiles during Vostok 2018 war games
Kremlin refuses to announce Russia's further steps against Israel over Il-20 shootdown
Kremlin refuses to announce Russia's further steps against Israel over Il-20 shootdown