Cocoa Has Longest Winning Streak in 3 Years on Supply Concerns
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Cocoa prices capped the longest rally in more than three years, touching a one-year high on increased speculation that supplies will be disrupted from the Ivory Coast, the world’s largest producer.
Five exporters in Ivory Coast should face international sanctions after they defied a call by President-elect Alassane Ouattara to halt shipments for a month, his administration said. About 80 percent of Ivory Coast’s cocoa shippers are respecting the call, another administration spokesman said earlier today.