Mystery trader corners the market. Buys all Europe's cocoa

[RCA]

http://www.telegraph.co.uk/finance/mark ... cocoa.html

TL;DR
So some one or group has bought up the entire stock of European cocoa. The trade took place on the London International Financial Futures and Options Exchange (Liffe), a market which trades contracts in commodities such as corn, wheat, sugar, coffee and cocoa. So much was bought at one time that it will affect the global price of cocoa and now the European supply is in the hands of whom ever bought the cocoa. This comes after a series of weak harvests in Ghana and the Ivory Coast, the main areas where the crop is grown. Fears of floods in the Ivory Coast have sent prices even higher, as speculators have bet on another poor harvest, and a shortage of supply.

STL;DR
Stock up on your favorite chocolate goodies because soon the price for them will either increase, or less chocolate will be incorporated.

UPDATE: thanks to Encryptshun
http://www.telegraph.co.uk/foodanddrink ... -trade.htm

And in other news, Arizona High Schools To Now Teach Spanish Entirely In English:
http://www.theonion.com/articles/arizon ... ely,17730/

[Jesda]

[ADDirishboy]

[themadscientist]

[Dattebayo]

Synthetic chocolate isn't that bad.

[s0m3th1ngAZ]

All I can see is someone going
"Muahahahahaha...your chocolate is MIIIINE" while he strokes a white cat.

[lino]

[Razi]

CHOCOLATE!!!!!!!!!!!!!!!!

[Dattebayo]

Edited thread was edited! DUN DUN DUUUNNN

Oh well. Now chicks and Razi are going to have to cough it up for cocoa butter. SUcks!

[Koshin]

strippers everywhere will suffer if the cocoa butter goes up in price

[MellowZ32]

WIN!

[themadscientist]

all your cocoa is belong to us.

[fiznowler]

The only way this will effect me is chocolate milk and ice cream. I dont' really eat chocolate any other way besides that.

[tigersharkdude]

I know you like reese's cups $100 says it was hershey

[Encryptshun]

Mystery solved.

http://www.telegraph.co.uk/foodanddrink ... trade.html

[fiznowler]

I know you like reese's cups $100 says it was hershey

I don't hate them, I like reese's pieces better though. I really just never eat candy. I dont' really eat sweets or deserts not really my flavor i guess.

[tigersharkdude]

i had the best reeses pieces ever at IA. I left them in my car for like 5 hours and the shells were still hard but the inside was all liquidy. They were awesome, totally ****ing awesome

[RCA]

The only way this will effect me is chocolate milk and ice cream. I dont' really eat chocolate any other way besides that.

Yes, all those products have cocoa.

Mystery solved.
http://www.telegraph.co.uk/foodanddrink ... -trade.htm

Thanks for the update!

He is a genius! My questions is this...
The man is worth £36 million, so how does he make a trade for £658 million?

[Watermelonwarrior]

He is a genius! My questions is this...
The man is worth £36 million, so how does he make a trade for £658 million?

A hedge fund is a private partnership that pools money from wealthy individuals, pension funds, corporations, and the like, and invests it to make a profit. So its not just his money.

[Dattebayo]

The only way this will effect me is chocolate milk and ice cream. I dont' really eat chocolate any other way besides that.

Yes, all those products have cocoa.

We live in America, not Europe. This will not affect us.

[Encryptshun]

We live in America, not Europe. This will not affect us.

Sarcasm?

[Dattebayo]

We live in America, not Europe. This will not affect us.

Sarcasm?

Hi!

[Encryptshun]

You need to be on here more, man.

[RCA]

A hedge fund is a private partnership that pools money from wealthy individuals, pension funds, corporations, and the like, and invests it to make a profit. So its not just his money.

Ah, I missed the part that said he was a hedge fund manager. Makes sense. His clients are excited I bet...

We live in America, not Europe. This will not affect us.

Are you serious?

EDIT:
Opps, I was late to the party.

[Dattebayo]

Are you serious?

Uh-huh.

[Dattebayo]

Seriously, it won't affect us that much. The amount he bought is only equivalent to the entire European stash. That leaves quite a bit of the world to follow. We also have our other sources.