Cocoa Squeeze Rattles London Market In Biggest Move Since ‘Chocfinger’
July 08, 2023 at 08:45 AM EDT
Courtesy of ZeroHedge Over the course of ten months, benchmark cocoa futures prices in London have surged by more than 51%, driven by the worsening global shortage of this crucial ingredient used in the world’s sweet snacks. Bloomberg pointed out, “The biggest cocoa trade in more than a decade is rattling the London exchange,” noting gyrations in […] Source
