Thursday, July 5, 2007

Cocoa Rises to Four-Year High on Political, Labor Turmoil in West Africa

(Bloomberg) -- Cocoa in New York rose to a four-
year high on speculation political tension in Ivory Coast, the
biggest producer, and labor disputes in Nigeria will disrupt
supplies of the beans used to make chocolate.

Three people were killed in a rocket attack on the plane
of Ivory Coast Prime Minister Guillaume Soro at an airport in
the central town of Bouake last week. Soro was unhurt. In
Nigeria, the fourth-largest producer, exports were disrupted by
a four-day strike in June that closed ports.


Read more at Bloomberg Commodities News

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