Civil War In Ivory Coast -- News Updates March 8, 2011



Ivory Coast Conflict Worsens as Gbagbo Seizes Nation's Cocoa, Coffee Sales -- Bloomberg

Ivory Coast President Laurent Gbagbo took control of local purchases and exports of cocoa and coffee, escalating a conflict with rival Alassane Ouattara, the internationally recognized winner of a November election.

Cocoa supplies from Ivory Coast, the world’s biggest exporter, have been disrupted since late January after Ouattara banned shipments for a month in an attempt to deny funds to Gbagbo, who refuses to cede power. On Feb. 22, Ouattara extended his order until mid-March. Cocoa prices rose in London today.

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