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Derek Thompson

Derek Thompson - Derek Thompson is a senior editor at The Atlantic, where he oversees business coverage for the website.
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He is a visiting research fellow at the Committee for a Responsible Federal Budget at the New America Foundation. Derek has also written for Slate, BusinessWeek, and the Daily Beast. He has appeared as a guest on radio and television networks, including NPR, the BBC, CNBC, and MSNBC.

Somebody Just Bought All the Chocolate in Europe

By Derek Thompson
Jul 20 2010, 9:48 AM ET Comment

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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