Econintersect:  Peter Brabeck-Letmathe Chairman of Nestle has sounded an alarm bell on food riots. "The situation is similar (to 2008). This has become the new reality," the Swiss giant's chairman Peter Brabeck-Letmathe told the Salzburger Nachrichten da… more »

Laurent Gbagbo, Ivory Coasts defeated president, facing cut-off of cocoa export revenues, has threatened to seize banks to obtain funds to support security forces keeping him in power. more »

Cocoa prices shot higher on Monday after the internationally recognized leader of Ivory Coast, the world's largest producer of cocoa beans, called for a one-month ban on exports. more »

Cocoa prices should jump dramtically as the newly elected president of Ivory Coast has instituted an export ban effective, at least initially, for one month. more »