Friday, May 18, 2007

Cocoa Rises Most Since March as Waves Threaten Shipping Around Indonesia

(Bloomberg) -- Cocoa in New York rose the most since
March as waves struck coastlines across Indonesia, threatening
to disrupt shipping from the third-largest supplier of the beans
used to make chocolate.

Waves as high as 4 to 5 meters (13 to 16 feet) hit parts of
the islands of Bali, Sumatra and Java, driving residents from
their homes and destroying fishing boats and beachside shacks,
Reuters reported today, citing officials and media reports.


Read more at Bloomberg Commodities News

No comments: