Recently, as the world's largest cocoa producer has tense domestic situation in ivory coast, cocoa futures prices from down to up in the international market. Market analysts worry that because of the ivory coast main roads have been blocked in China,canned food, local farmers are probably can't cocoa to factory and freight terminals in downtown. In the next period of time, in the international market of cocoa futures prices will remain high.
Ivory coast on November 9, local time, London's financial futures exchange in December delivery of cocoa futures prices closed to 988 pounds per ton, higher than the last trading day of October 130 pounds; In New York, cocoa futures prices hit $1792 a tonne, the highest since May 2003.
Relevant personage says, suddenly tense domestic situation in ivory coast, completely reversing the cocoa futures price trend. Some traders worry that, if the conflict cannot be calm in the short term, cote d 'ivoire cocoa harvest will become meaningless, the country's cocoa industry will suffer.
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