Cocoa Rises to One-Month High on Report of Shrinking Ivory Coast Supplies

(Bloomberg) -- Cocoa futures in New York rose to the
highest in more than a month on a report that prices in Ivory
Coast, the world's biggest grower, have climbed because of
shrinking supplies.

Buyers are offering more for beans in Ivory Coast, Reuters
reported, citing farmers who said they are holding on to cocoa
in expectation that prices will rise. Ivory Coast also is
struggling to implement a peace agreement between rebels and the
government of President Laurent Gbagbo.


Read more at Bloomberg Commodities News