The rate of cocoa increases at the commodity exchanges

In two days cocoa increased by 15 percent at the commodity exchanges.

The rate of the raw material, began a steep rise after a nationwide strikes broke out in Nigeria, which is the world's fourth largest cocoa-producing country, resulting an almost complete stop in the delivery of cocoa. Beside the short-term supply disruptions, the increased demands in Europe and the drought in Ivory Coast can make the price of cocoa more expensive – reports portfolio.hu, after BusinessWeek.