West African Nations Sever Common Currency to France and Euro

Eight West African countries have agreed to sever a common currency from France. The countries have agreed to change the existing bloc currency to Eco from CFA Franc and sever currency ties to its old colonial master. The announcement was made by France’s President Emmanuel Macron and Ivory Coast President Alassane Ouattara at a joint news conference at the Petit Palais in Abidjan on December 21, 2019. Ivory Coast is the world’s top cocoa producer and France’s former main colony … Continue reading “West African Nations Sever Common Currency to France and Euro”

Cocoa Best Performing Commodity of 2018, Gasoline The Worse

In 2018 coomodity prices were hampered by the strong US dollar which rose from mid-April, a collapse in oil prices from early October and the ongoing U.S.-China trade war. The best performers were cocoa, wheat, oats and last years best palladium. The worst performers were Gasoline, WTI Crude, lumber and sugar.