Tuesday, January 24, 2017

Ivory Coast's Main Port Closed

On 18 January 2017, The Ivory Coast Gendarmes, a police force under the authority of the defense ministry, took control and closed the port in Abidjan. Ivory Coast is the world’s leading producer of cocoa, and Abidjan is one of the two main cocoa export points. The cocoa factory and warehouses were also closed. The closure immediately affected London cocoa stock futures. This police action is in response to incongruences between Ivory Coast economic growth and government wages.

Wapack Labs has reported on threats to the maritime and port industries in the past. An archive of related reporting can be found in the Red Sky Alliance portal in the Red Sky Alliance Portal. 

SERIAL: TR-013-2017 
REPORT DATE: 20170122