Cocoa eases as exporters mull Ivorian export ban
Cocoa prices
slipped back further from the prior session’s one-year peak on Tuesday
as the market waited to see whether a call to ban exports from top
producer Cote d’Ivoire would attract further support.
A meeting of local
heads of international cocoa exporters in Abidjan, late Monday proved
inconclusive as major buyers of Ivorian beans were still mulling
whether to join U.S.-based agribusiness Cargill and halt cocoa
purchases.
Presidential
claimant Alassane Ouattara called over the weekend for a month-long ban
on cocoa exports to stop revenues reaching his rival, incumbent Laurent
Gbagbo.
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