Cocoa delivered against the expired May futures contract on the NYSE Liffe exchange in London is estimated at about 41,000 metric tons, according to futures and options broker Marex Spectron Group.
That would be “above expectations,” Eric Sivry, the London-based head of the agriculture options brokerage at the company, said in a report e-mailed today.
Cocoa deliveries against the March contract this year totaled 26,120 tons, exchange data show. Last year, the delivery of the May contract was 21,870 tons, the data show. The May 2012 futures expired yesterday.
To contact the reporter on this story: Isis Almeida in London at Ialmeida3@bloomberg.net
To contact the editor responsible for this story: Claudia Carpenter at Ccarpenter2@bloomberg.net.