Dec. 13 (Bloomberg) -- Cocoa delivered to settle the expiration of the December futures contract on NYSE Liffe was the biggest in three years.
The delivery was 74,590 metric tons, data from the London- based bourse today showed. The biggest delivery before that was 109,960 tons at the expiration of the December 2010 futures contract. Most of the cocoa was from Ivory Coast and Nigeria, the largest and fourth-biggest growers.
Sucres et Denrees SA delivered 33,060 tons, the Paris-based company said. The position has “served its purpose,” Derek Chambers, head of cocoa, said yesterday in an e-mail response to questions from Bloomberg News. Cocoa rose 23 percent this year.
Brokerage Newedge U.K. Financial Ltd. bought all the beans, NYSE Liffe data showed. The delivery was near the 75,000-ton limit a single buyer is allowed to purchase, according to exchange rules. Rules limiting the amount of commodities that can be bought and sold via the exchange were introduced in 2012.
Brokerages selling the beans were ADM Investor Services International Ltd., Jefferies Bache Ltd., ABN AMRO Clearing Bank NV, INTL FCStone Ltd., BNP Paribas Commodity Futures Ltd. and Sucden Financial Ltd.
--Editors: Claudia Carpenter, Nicholas Larkin