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.

 

Representatives of the North Korean administration issued a statement saying that the United States and its allies have lost the "political and military confrontation" to the DPRK

North Korea declares victory over USA
Comments
North Korea is not a threat to the US
Putin: Russia will continue spending enough on defence not to be killed
Putin: Russia will continue spending enough on defence not to be killed
Putin: Russia will continue spending enough on defence not to be killed
North Korea is not a threat to the US
ISIS threatens to conduct large-scale terrorist attacks in USA for Jerusalem decision
North Korea is not a threat to the US
Donbass without militia will be worse than Srebrenica - Putin
Russia not pulling out from any international agreements, Putin says
USA to ruin Russian-Japanese relationship with the help of Aegis Ashore system
Putin to Sobchak: We will never let them turn Russia into another Ukraine
North Korea is not a threat to the US
Should Russian athletes go to non-Olympic Games in South Korea?
Russia on the eve of another Crimea referendum
Russia to install laser navigation system on the Moon
Russia to install laser navigation system on the Moon
Putin to Sobchak: We will never let them turn Russia into another Ukraine
USA to ruin Russian-Japanese relationship with the help of Aegis Ashore system
Putin to Sobchak: We will never let them turn Russia into another Ukraine
Russia not pulling out from any international agreements, Putin says
Donbass without militia will be worse than Srebrenica - Putin