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Posted on January 24, 2011 | tags

 
 

Biz, World: Ivory Coast leaders fighting with chocolate, in non-funny way

  • cause Internationally-recognized Ivory Coast leader Alassane Ouattara, in an effort to starve still-clinging loser Laurent Gbagbo of cash, has decided to block all exports of cocoa from the country for a month. Ivory Coast is the world’s largest producer, by the way.
  • reaction An immediate effect of the export ban? Cocoa prices have gone way up on the commodities market – a 3.4 percent leap in just a day. Many are afraid of a potential market disruption. Some experts, however, suggest that the market is just overreacting to the news. source
 
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