(Bloomberg) -- Cocoa rose to a one-month high in
New York after a four-day strike in Nigeria, the fourth-largest
producer last year, disrupted exports and renewed concerns that
demand may outpace supply.
The strike will cause ``delayed exports,'' Akinwale Ojo,
the secretary-general of the Cocoa Association of Nigeria, said
June 22. Ports were shut and a fuel shortage prevented farmers
from transporting beans. The International Cocoa Organization
says global demand will exceed supply by 145,000 metric tons
this year.
Read more at Bloomberg Commodities News
New York after a four-day strike in Nigeria, the fourth-largest
producer last year, disrupted exports and renewed concerns that
demand may outpace supply.
The strike will cause ``delayed exports,'' Akinwale Ojo,
the secretary-general of the Cocoa Association of Nigeria, said
June 22. Ports were shut and a fuel shortage prevented farmers
from transporting beans. The International Cocoa Organization
says global demand will exceed supply by 145,000 metric tons
this year.
Read more at Bloomberg Commodities News
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