Mar 22 2017, 9:50 PMMar 27 2017, 8:53 PMMarch 22 2017, 9:50 PMMarch 27 2017, 8:53 PM
rising commodity prices could mean that authorities in Ivory Coast have to cut prices to growers , creating risks for global markets as well as the domestic economy . The government warnings follow a wave of defaults by local exporters who had relied on higher prices , pushing cocoa prices even lower and costing the government more than $ 300 m . The present situation now has parallels to the 1980 's crisis that resulted in farmers ' payments falling by half and the marketing system going bankrupt .