Monday, January 24, 2011
Higher Chocolate Prices in the Near Future After Ivory Coast Instability?
If you're a chocolate addict then listen up because you might be paying higher prices for your favorite goodies. The price of Cocoa jumped after the Ivory Coast, the largest producer of cocoa in the world, banned exports for one month. Newly installed puppet leader, Alassane Ouattara, announced that they were banning cocoa shipments as a political move in what the Wall Street Journal described as a "bid to squeeze the funding of rival Laurent Gbagbo."
I hope you betting on the right side of this fix.