Cocoa prices spike 7% in London after the man claiming Ivory Coast's Presidency calls for a one...

|By:, SA News Editor

Cocoa prices spike 7% in London after the man claiming Ivory Coast's Presidency calls for a one month ban on exports. Ivory Coast accounts for about 40% of world cocoa production. Natural gas (GAZ) and cocoa (NIB) are about the only commodity ETFs showing red over the last year.