Monday, 11 April 2011
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Cocoa keeps gains after reports of Gbagbo's arrest
SAN FRANCISCO (MarketWatch) -- Cocoa futures kept their gains after news reports that Ivory Coast's Laurent Gbagbo had been captured. Cocoa for May delivery added $42, or 1.4%, to $3,016 a metric ton. The Ivory Coast is a top exporter of cocoa.
Gbagbo was captured on Monday by French soldiers and handed over to forces loyal to president-elect Alassane Ouattara, according to media reports. Gbagbo has refused to step down after Ouattara defeated him in last year's presidential election.
(Source: http://www.marketwatch.com/story/cocoa-keeps-gains-after-reports-of-gbagbos-arrest-2011-04-11)
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