Re: Hedge Fund Takes Possesion of $1.7 Trillion of Cocoa

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argoz

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Re: Hedge Fund Takes Possesion of $1.7 Trillion of Cocoa

in response to

Re: Hedge Fund Takes Possesion of $1.7 Trillion of Cocoa

lawnbowler

posted on Jul 18, 2010 11:55PM

I think the purchase was $1.7 billion, not 1.7 Trillion. 1.7 Trillion dollars works out to over $3500 per lb of cocco. $3.5 per lb sounds more like the price for cocco.

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