Somebody Just Bought All the Chocolate in Europe

It's not all the tea in China. It's better. Somebody just bought all the cocoa beans in Europe. This would make an awesome beginning to a movie. Wonka Begins?

It is unclear which person, or group of traders, was behind the deal, but it was the largest single cocoa trade for 14 years. The cocoa beans, which are sitting in warehouses either in The Netherlands, Hamburg, or closer to home in London, Liverpool or Humberside is equivalent to the entire supply of the commodity in Europe, and would fill more than five Titanics. They are worth £658 million.

Read the full story at the Telegraph.

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Derek Thompson is a senior editor at The Atlantic, where he writes about economics, labor markets, and the entertainment business.

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