Euromar Commodities GmbH, the European unit of cocoa processor Transmar Group, delivered some cocoa into the expired May futures contract on NYSE Liffe in London after slowing its factory in Fehrbellin, Germany.
The cost of cocoa butter relative to bean prices rebounded in Europe in the past six weeks as demand improved and processors adjusted to lower powder prices, according to three traders with direct knowledge of the sales.
Ivory Coast’s central town of Bouake has become a transit hub for cocoa beans that are being smuggled to northern neighbor Burkina Faso as a one-month export ban slows down shipments from the country’s southern ports.
Stop what you’re doing for a second and think about chocolate. Mmmm. Chocolate bars, chocolate ice cream, hot chocolate, chocolate chip cookies, 70 percent-cocoa dark chocolate bars (for the antioxidant hawks). What a delight. What a luxury.
Cocoa futures climbed to a three- week high on signs of reduced deliveries by farmers in Ivory Coast, the world’s biggest producer. Orange juice and cotton also gained, while coffee slid. Sugar was unchanged.