Cocoa prices hit a fresh 32-year high of $3,610 a tonne on February 23, following an extension to top producer Ivory Coast's export ban the previous session and further turmoil in the country.
"Until now the trade has seemed reasonably relaxed but this doesn't look like being solved easily and uncertainty is what spooks markets," a UK-based analyst said.
Benchmark May cocoa futures traded up $18 or 0.5 percent, at $3,604 a tonne at 0937 GMT.
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February 28, 2011
Cocoa prices hit 32-year high on Ivory Coast concerns
Categories cocoa, Ivory Coast
