Colosseum a.s. (Colosseum a.s.)
Commodities  |  November 15, 2012 09:06:28

Cocoa dramatically strengthened

ColosseumYesterday's rise in the price of cocoa was the strongest in the last 10 weeks. It happened shortly after Ivory Coast president dissolved the local parliament. The stock traded cocoa is similar manifestations of political instability in the African country quite sensitive because Ivory Coast is the largest producer of cocoa beans in the world. Up to 40% of global stocks of commodities originated from this country. March cocoa on ICE Futures U.S. yesterday strengthened by 2.9% to 245.70 cents per ton.

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