ICE and CME launched rival cocoa contracts on March 30 this year
The Intercontinental Exchange (ICE) has
called for cocoa manufacturers to write new physical cocoa
contracts after ICE Futures Europe this week proposed a number
of changes to its bulk cocoa rules, including abolishing the
discount for bulk suppliers.
An ICE spokesperson told FOW, "We continue
to be committed to work with the market to ensure that firms
with bona fide hedges can migrate their physical and financial
transactions to the euro currency if they choose, with minimal
impact to their broader business.
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