Monday, July 19, 2010

Man buys Europe’s entire cocoa supply, analysts suspect market cornering

This is a very odd story:

http://bit.ly/aS3VSl

Jodi Lai, National Post
Sunday, Jul. 18, 2010

A British businessman has purchased Europe's entire cocoa supply in a move analysts say could be an attempt to control the market and drive prices to historic highs, the U.K.'s Daily Telegraph reports.

More than 241,000 tonnes of cocoa beans — enough to fill five Titanics — was the largest single cocoa transaction in the past 14 years. The loot is worth more than $1.7-trillion and the sale has effectively placed a large portion of the world's cocoa supply into the hands of one mysterious trader whose intentions are unknown.

4 comments:

colin said...

In a related story, the world's entire supply of tiny marshmellows has gone missing.

Anonymous said...

Yes, and graham crackers...

Anonymous said...

His name is Milo Minderbinder and he has a record of doing this sort of thing. He last cornered the Egyptian cotton market.

Michael St.Pauls

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