No chocolate-drama due to end of cocoa-export

By: trademagazin Date: 2011. 01. 27. 12:00

he article says the internationally recognised president Alassane Ouattara is looking to ban the export of cocoa for a month to put pressure on the incumbent president Laurent Gbagbo, who refuses to stand down. Market traders and analysts say they expect the global price of cocoa to increase when trading resumes on Monday because of disruption to the global supply, but no lack of chocolate will be experienced throughout the Easter-season.

The move hopes to put pressure on Laurent Gbagbo, however there a worries on how the ban could be carried out since president Alassane Ouattara and his cabinet are still blockaded within a hotel. The European Union, US and west African states have already adopted various financial sanctions against Gbagbo and his closest allies.

Related news