Wednesday, 04 July 2007

Cocoa Gains for Second Day as Ivory Coast Tensions May Disrupt Supplies

(Bloomberg) -- Cocoa rose for a second day in London
on speculation political tension in Ivory Coast will disrupt
supplies from the world's biggest grower of the beans.

Cocoa prices have soared to the highest since 2003
following an assassination attempt against Ivory Coast Prime
Minister Guillaume Soro at an airport in Bouake on June 29. The
attack fueled speculation that a peace plan that ended the civil
war in the West African country will collapse.


Read more at Bloomberg Commodities News

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