Mystery trader buys all of Europe's cocoa ..

[Corny]

This is scary ..

The purchase was enough to move the entire global cocoa market, sending the price to the highest level since 1977, and triggering rumours and intrigue in the City.

It is unclear which person, or group of traders, was behind the deal, but it was the largest single cocoa trade for 14 years.

The cocoa beans, which are sitting in warehouses either in The Netherlands, Hamburg, or closer to home in London, Liverpool or Humberside is equivalent to the entire supply of the commodity in Europe, and would fill more than five Titanics. They are worth £658 million.

http://www.telegraph.co.uk/finance/markets/7895242/Mystery-trader-buys-all-Europes-cocoa.html

I better start stocking up with chocolate ...

 

[BostonPirate]

thats the european vollume. I would think only non european companies could benefit from that maneuver

 

[Corny]

I smell hedgefonds.. or worse. Not sure what could be worse. I doubt that one big company from another continent has any interest in that ..

 

[bulge]

http://bigthink.com/idea_feed_items/2542

 

[BostonPirate]

maybe someone is building a lifesize chocolate godzilla.

on a serious note....

i think its not uncuiommon for businesses to buy up their own stock to make it cost more. there is definitely some inside industry tampering going on... who knows what.

Chocolate dos not do well in heat, and since there is a global heatwave going on, I doubt its about production.

 

[SLOPPYSECONDS]

so what ya buys tis weeks with ya pocket money ma sweety?
'magic beans'
hope dat teddy no gon sell ya same crap like last week
' no daddy ans teddy no school no more cause teddy daddy no can pay da 100 million year school washin fees fa teddys undys '
ooh da poor thing
' yes daddy '

 

[boxerdudeuk]

Bizarre story. Intereseting to see how it plays out.

 

[Lukeee]

I hope they are making a chocolate city.

 

[Joshua_me]

I'd better start packing fudge.

 

[rareboy]

My immediate thought was the Hunt family and Hedge funds as well.

But like all attempts to corner a market, it will result in an epic fail.

 

[Willie Boy]

I think I'll go enjoy a cup of Hot Chocolate.

 

[Joshua_me]

I mean, really... Buying up ALL the cocoa ??

It sounds like the beginning of a plot to a really bad sequel:

Willy Wonka II : This Time, He's Pissed !

 

[swerve]

Doesn't all the REALLY GOOD chocolate come from Europe???

I hope that the dutch chocolatiers don't have trouble finding raw materials...

Interesting story -- and I just checked to make SURE that it wasn't April Fools day...

 

[Telstra]

Greedy company.
I hope it goes bankrupt.

 

[Willie Boy]

I'm making myself another cup of hot chocolate.

 

[Joshua_me]

My God !!

They've kidnapped The Swiss Miss !!!

 

[bankside]

This sounds like one of Dr. Evil's plots.

"That's it ladies and gentlemen. We're holding the entire world's supply of chocolate hostage at my secret underground lair. The chocolate will be destroyed at midnight by Sea Bass, with laser beams on their heads.

That is of course, unless you pay us a hefty ransom."

 

[ChickenGuy]

 

[Corny]

I hope that the dutch chocolatiers don't have trouble finding raw materials...

the DUTCH chocolatiers? are you trying to pull an april fools day joke ?

This sounds like one of Dr. Evil's plots.

"That's it ladies and gentlemen. We're holding the entire world's supply of chocolate hostage at my secret underground lair. The chocolate will be destroyed at midnight by Sea Bass, with laser beams on their heads.

That is of course, unless you pay us a hefty ransom."

love it

 

[Willie Boy]

Damn! I finished my hot chocolate, guess I'll have to make another cup.