Barry Callebaut Says Cocoa Factories Unaffected By Ivory Coast Unrest

Barry Callebaut AG, the world’s largest maker of bulk chocolate, said political unrest following Ivory Coast’s disputed presidential election hasn’t disrupted its cocoa factories or exports from the world’s largest grower.

“Our factories in Abidjan and San Pedro are running normally,” Zurich-based spokesman Raphael Wermuth said in a phone interview today. “We are watching the situation closely in the Ivory Coast and we have taken some precautions in order to ensure the safety of our employees.

‘‘We have been operating in the country since 1963, so we have some experience,’’ he added.

Cocoa advanced in London and New York after Laurent Gbagbo was sworn in as Ivory Coast’s president in defiance of the United Nations and the country’s Electoral Commission, increasing speculation that exports may be disrupted.

To read the rest of this story please go to: Bloomberg