Sunday, December 26, 2010

Will Ivory Coast Turmoil Affect Petra Foods?

Page 11 of Petra Foods third quarter FY2010 presentation will be useful for those following the company. For those who have not been following the news, Ivory Coast held its first election since 2002 and while a winner has been announced, a political stalemate has resulted as the incumbent refused to acknowledge the validity of the results. This has caused some problems to companies who get their raw materials from the African state. Ivory coast in the third largest producer of cocoa and this may impact the margins of Petra Foods as it is a manufacturer of cocoa ingredients. More analysis by the reader is of course needed as well as direct questions to Petra Food's investor relations.

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