Where the Hell is Beeks?

A British financier named Anthony Ward recently bought a lot of cocoa—and by a lot of cocoa, I mean 241,000 tons.
This is more than the entire supply of cocoa in Europe. It appears as if Ward is trying to corner the market, and cocoa prices are now at a 33-year high. Over the last two-and-a-half years, cocoa is up more than 150%.
Thanks to Ward’s mega-buy, you’ll probably have to pay more for you next candy bar purchase.

Posted by on July 19th, 2010 at 1:22 pm


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