Word: cocoa
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Dates: during 1940-1949
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Only France and South Africa held back. Foreign Minister Georges Bidault merely said France was "prepared to study" trusteeship terms for her slices of Togoland and the Cameroons (rubber, cocoa, palm oil). With Gallic eloquence, he painted a picture of French colonial idealism and native happiness that was somewhat at variance with the facts. Forced labor and high taxes actually caused natives to flee by tens of thousands...
...Members: Board of Trade of the City of Chicago, Board of Trade of Kansas City, Chamber of Commerce of Minneapolis, Chicago Mercantile Exchange, New York Cocoa Exchange, New York Coffee and Sugar Exchange, Inc., New York Produce Exchange...
...Cocoa...
...crops scared traders into dumping their futures contracts. Wheat prices slumped some 4? a bushel, oats 10? and rye 14?. But paradoxically Latin American producers of foodstuffs were cheered by the nearness of German defeat. In Brazil, Colombia and Cuba, sellers rebelled at contracting ahead for delivery of coffee, cocoa and sugar at U.S. ceiling prices. They expect a rush of orders, at good prices, from Europe...
...smaller commodity markets traders were discouraged by the continuing lack of shipping for imports of coffee, cocoa and sugar. Arrivals of these commodities were far less than importers had hoped for. The olive trade was stirred by news that a large cargo of olives was en route...