Dec. 12 (Bloomberg) -- Sucres et Denrees SA will deliver 33,060 metric tons of cocoa to settle the expiration of a futures contract on NYSE Liffe, the Paris-based company said.
The December futures settled at 1,732 pounds ($2,829) a ton and today was the last day of trading for the contract. The London-based bourse will publish the delivery tomorrow.
The position has “served its purpose,” Derek Chambers, the head of cocoa at the company know as Sucden, said in an e- mailed response to questions from Bloomberg News today.
Cocoa gained 23 percent in London this year as demand is set to outpace supply for a second season in the 12 months started Oct. 1. Production fell short of consumption by 160,000 tons last season, according to estimates from the International Cocoa Organization in London.
Sucden bought 71 percent of all the cocoa delivered when the September futures expired.
--Editors: Millie Munshi, Thomas Galatola