Cocoa rises after arrest of Ivory Coast strongman


NEW YORK: Cocoa prices rose Monday after opposition forces captured the former president of the Ivory Coast. That nation is one of the world's largest cocoa producers.

Cocoa rose $48, or 1.6 percent, to 3,022 per metric ton on Monday. Forces stormed the bunker where Laurent Gbagbo had been hiding after refusing to hand over the presidency to the internationally recognized winner Alassane Outtara.

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