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One Man Buys All of Europe's Cocoa. Seriously.

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One Man Buys All of Europe's Cocoa. Seriously.

Postby StlSluggers » Sun Jul 25, 2010 10:11 pm

The Telegraph wrote:British financier Anthony Ward behind £658m cocoa trade
Published: 1:55PM BST 18 Jul 2010

Anthony Ward, 50, bought 241,000 tons of cocoa beans and now owns enough to manufacture 5.3 billion quarter-pound chocolate bars.

Mr Ward, who is worth around £36 million, holds so much of the market he could force manufacturers to raise the price of Britain's favourite chocolate bars.

The transaction, the largest single cocoa trade in 14 years, was carried out last Friday by Armajaro Holdings, a hedge fund co-founded by Mr Ward.
...
In 2002 Mr Ward made £40 million in two months after making a similar deal. He bought 204,000 tones of cocoa when West Africa was experiencing poor harvests and political instability in the equatorial area.

He then watched the price of cocoa increase from £1,400 a ton to £1,600 a ton.
Last edited by StlSluggers on Mon Jul 26, 2010 9:09 am, edited 1 time in total.
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Re: One Man Buys All of Europes Cocoa. Seriously.

Postby Dan Lambskin » Mon Jul 26, 2010 8:48 am

it's a hell of a drug
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Re: One Man Buys All of Europe's Cocoa. Seriously.

Postby AussieDodger » Tue Jul 27, 2010 1:02 am

If you wanna hang out youve got to take her out;
If you wanna get down, down on the ground;
She don't lie, she don't lie, she don't lie;

:-B
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