Ivory Coast Splinter Dictator Captured By French Forces, Handed Off To Rebels; Cocoa Plunges
And like that, we now have one less conflict. From Reuters "French special forces have detained Ivory Coast's Laurent Gbagbo and handed him to leaders of the rebel opposition, after French tanks forced their way into his residence, a Gbagbo adviser in France said. "Gbagbo has been arrested by French special forces in his residence and has been handed over to the rebel leaders," Toussaint Alain told Reuters." We would prefer not to visualize what happens to Gbagbo in the hands of his news captors. Importantly, considering the primary determinant in cocoa prices YTD has been the ongoing civil war in the African country, the promise of an end to hostilities sends Cocoa prices plunging, dropping the 10 metric ton contract by nearly $100 in the span of seconds.
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