Can Investors Play Puffed-up Cocoa Prices?
It may be a pricier proposition for the Easter bunny to fill his basket this year. A drought in the Ivory Coast, the world's largest cocoa producer, has sent futures in the crop to their highest levels since 2003, when a civil war ripped through that country. May, 2007, cocoa futures closed at $1,920 a metric ton on Mar. 23, after setting a new contract high of $1,924 on the New York Board of Trade.
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