Monday, 21 February 2011
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Hedge Funds Increase Bullish Cocoa Bets on Ivory Coast Unrest
Feb. 21 (Bloomberg) -- Hedge funds are the most bullish on cocoa futures in almost seven months as political turmoil threatens supplies from Ivory Coast, the world's biggest producer, and prices jumped to the highest since 1979. In the week ended Feb. 15, hedge funds and money managers increased their net-long positions, or bets on rising prices, by 11 percent to 20,936 futures and options http://bit.ly/gERl5L
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