iPath Pure Beta Cocoa ETN

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  • Thu, Jan. 14, 7:50 AM
    • Chocolate producers are working together to improve low cocoa crop yields in an effort to meet rising global demand.
    • Older trees and poor crop management have held down yields in both Ivory Coast and Ghana.
    • A higher level of production could have a ripple effect across the broader cocoa market.
    • Related stocks: MDLZ, HSY, OTCPK:NSRGY, OTC:BYCBF, ADM.
    • ETFs: NIB, CHOC
    | Thu, Jan. 14, 7:50 AM | 2 Comments
  • Jan. 13, 2015, 5:42 PM
    | Jan. 13, 2015, 5:42 PM | 22 Comments
  • Dec. 18, 2014, 7:02 AM
    • Olam's $1.3B deal to buy rival Archer Daniels Midland's cocoa processing business may reduce liquidity in the cocoa bean trade, raising concerns about volatile prices and a potential shake-up of customer relationships.
    • Olam buys around 500K tonnes of cocoa annually, and it said it will increase its processing capacity to more than 700K tonnes, or 16% of world supply, with this deal.
    • This could force users supplied by Olam to look elsewhere for many of their beans, putting a strain on prices.
    • Related stocks: MDLZ, HSY, OTCPK:NSRGY, OTC:BYCBF
    • ETFs: NIB, CHOC
    • Previously: ADM to sell global cocoa business to Olam International for $1.3B (Dec. 15 2014)
    | Dec. 18, 2014, 7:02 AM
  • Oct. 16, 2014, 6:47 AM
    • Nestle (OTCPK:NSRGY, OTCPK:NSRGF) says it's on "high alert" over the potential impact of the Ebola disease in West Africa.
    • The company sources a good portion of its cocoa from Ivory Coast which is on a World Health Organization Ebola watch list.
    • Cocoa future are up 16.6% over the last month.
    • Shares of Nestle fell in Zurich trading after the company reported a drop in 2014 9-month sales.
    • Related ETF: NIB, CHOC.
    | Oct. 16, 2014, 6:47 AM | 1 Comment
  • Sep. 19, 2014, 8:59 AM
    | Sep. 19, 2014, 8:59 AM
  • Jun. 20, 2014, 6:06 AM
    • With the growing demand of chocolate across Asia, and new processing facilities in India and China, cocoa prices have shot through the roof. In the last five years, demand for the beans rose in Asia by 29%, although European demand fell by 1% for the same period.
    • ICE September cocoa rose 3.2% to $3,128 a tonne yesterday, its highest level since 2011. The price on cocoa beans has soared by over 40% over the past year, with cocoa butter rising more than 70%.
    • ETFs: NIB, CHOC
    | Jun. 20, 2014, 6:06 AM
  • Apr. 29, 2014, 7:15 PM
    | Apr. 29, 2014, 7:15 PM
CHOC Description
The iPath® Pure Beta Cocoa ETN is linked to the Barclays Capital Cocoa Pure Beta TR Index (the "Index"). The Index is intended to reflect the returns that are potentially available through an unleveraged investment in the futures contracts in the Cocoa markets.
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