Cocoa prices peaked last thirty-two years, driven by concerns about the situation in Côte d'Ivoire, the scene of renewed tension in recent days. Tonne of cocoa for March delivery has reached Tuesday, February 22, 3666 dollars, its highest level since January 12, 1979. "The escalation of violence in Côte d'Ivoire cocoa prices propelled" to new heights, observed Yingxi Yu, analyst at Barclays Capital.
Since late November, Côte d'Ivoire, the world's largest producer of brown bean, is divided between the incumbent president, Laurent Gbagbo, Alassane Ouattara and recognized by the international community. Mr. Ouattara was asked in late January for a stay of cocoa exports until 23 February to cut the resources of Laurent Gbagbo, who paid a 50% tax on the commodity.
According to media reports, this decision is respected by large traders and chocolatiers, could be extended until 10 March. Consequence: last month, Ivorian cocoa market is disrupted, and stocks of unsold goods piled beans brown and begin to rot. "If the outgoing president put his hand on these reservations, the Ivorian crisis is aggravated by" the extent that these beans are a windfall of $ 800 billion, provides the Tribune on Thursday.
The resolution of the conflict could actually do fall sharply throughout. 
Since late November, Côte d'Ivoire, the world's largest producer of brown bean, is divided between the incumbent president, Laurent Gbagbo, Alassane Ouattara and recognized by the international community. Mr. Ouattara was asked in late January for a stay of cocoa exports until 23 February to cut the resources of Laurent Gbagbo, who paid a 50% tax on the commodity.
According to media reports, this decision is respected by large traders and chocolatiers, could be extended until 10 March. Consequence: last month, Ivorian cocoa market is disrupted, and stocks of unsold goods piled beans brown and begin to rot. "If the outgoing president put his hand on these reservations, the Ivorian crisis is aggravated by" the extent that these beans are a windfall of $ 800 billion, provides the Tribune on Thursday.
The resolution of the conflict could actually do fall sharply throughout.
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