Cocoa ETN Looks Sweet After Buyer-Supplier Spate
November 20, 2020 at 14:56 PM EST
A cocoa exchange traded note has surged this month after the top producers teamed up and began to operate as what some are calling a new cocoa cartel. The Path Bloomberg Cocoa TR Sub-Index ETN (NYSEArca: NIB) was up another 2.9% Friday after advancing 15.3% over the past week and surging 22.6%...