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Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Weekend Edition Top Stories Most Popular Photos Full Coverage Sitemap State to control I. Coast cocoa purchases, exports: official AFP - Tuesday, March 8 Send IM Story Print ABIDJAN (AFP) - – Ivory Coast strongman Laurent Gbagbo on Monday ordered his government to take control of the country's cocoa purchases and exports, so far dominated by multinational companies, an official said. A decree read on RTI public television said that "the purchase of coffee and cocoa from producers and groups of producers will be undertaken exclusively by the state throughout" Ivory Coast. "The export of coffee and cocoa products is undertaken by the state, by any entity mandated by the state or any authorised exporter," it said. Alassane Ouattara, internationally recognised as the winner of Ivory Coast's disputed presidential election in November, last month extended a ban on cocoa exports, a cornerstone of the economy, to March 15. The ban is part of a bid to pressure outgoing president Gbagbo to relinquish power by choking off his funding. Ouattara had ordered a one-month halt to cocoa exports from Ivory Coast, the world's biggest producer of the commodity, on January 24. Cocoa prices have risen almost 10 percent since he imposed the ban. Ivory Coast has been divided since Gbagbo refused to step down after the November 28 poll that was won by Ouattara according to the country's election commission and the international community. Ivory Coast accounts for 40 percent of global cocoa supplies, valued at $4.5 billion (3.3 billion euros) a year at current prices, according to London's Financial Times. Send IM Story Print News Search Top Stories Pakistan on brink of World Cup quarter-finals NASA scientists row over alien microbes Subway steams past McDonald's in store race Prince faces calls to quit trade role Oil shoots higher on Libya turmoil More Top Stories » ADVERTISEMENT Most Popular Most Viewed China richest man says work key to easing poverty Subway steams past McDonald's in store race Libya: live report Asia to be biggest aircraft market by 2029: Airbus Oil shoots higher on Libya turmoil More Most Viewed » More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Weekend Edition Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo! Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Entertainment Photos Yahoo! News Network Copyright © 2011 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Terms of Service | Privacy Policy | Community | Intellectual Property Rights Policy | Help

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