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. . . .
The former Chairman of the European Cocoa Association has amassed up to 15 per cent of the word’s cocoa stocks in the last ten years. . . .
Cocoa prices rose by 0.7 per cent as a result of the trade to £2,732 per metric tonne – the highest price for cocoa in Europe since 1977. It follows a series of weak harvests in Ghana and the Ivory Coast, the main areas where the crop is grown.
Yeah, this looks a smart deal for Ward now. But just wait until the Amalgamated Brotherhood of Oompa Loompas goes on strike.
Well, I’m a guy so I don’t really need chocolate. I can live without it.
Tangent: Could you guys PLEASE do an expose on John Dennis CA 8th? Just check out his FEC filling they are ridiculous!
Well, I’m a guy so I don’t really need chocolate. I can live without it.
Tangent: Could you guys PLEASE do an expose on John Dennis CA 8th? Just check out his FEC filling they are ridiculous!
So, is this like cornering the market in Frozen Concentrated Orange Juice?
So, is this like cornering the market in Frozen Concentrated Orange Juice?
stop this now!!! you greedy bastards!!! i hope you starve! and become homeless
stop this now!!! you greedy bastards!!! i hope you starve! and become homeless
Best line from that movie: “Use your nightstick, officer!”
Best line from that movie: “Use your nightstick, officer!”
I am SOO glad we have our OWN cocoa farms in Africa and are the ONLY company in the world that have true HEALTHY CHOCOLATE!!!
I am SOO glad we have our OWN cocoa farms in Africa and are the ONLY company in the world that have true HEALTHY CHOCOLATE!!!
how much longer are super rich people going to be allowed to make the rest of us poorer? it wouldn’t be that bad if they needed the money, I thought the idea was to work hard to earn enough money to live off for the rest of your life, all the super rich are taking our retirement funds, for what their world is only good by comparison, in reality its as bad as everyone elses
how much longer are super rich people going to be allowed to make the rest of us poorer? it wouldn’t be that bad if they needed the money, I thought the idea was to work hard to earn enough money to live off for the rest of your life, all the super rich are taking our retirement funds, for what their world is only good by comparison, in reality its as bad as everyone elses