May 15 (Bloomberg) -- Cocoa delivered against the expired May futures contract on NYSE Liffe was 860 metric tons, with most of the beans coming from leading grower Ivory Coast.
Ivorian beans amounted to 670 tons, the exchange said on its website today. Togo supplied 160 tons, Cameroon 20 tons and Sierra Leone 10 tons. Macquarie Bank Ltd. bought 750 tons.
Newedge U.K. Financial Ltd. bought the remaining tons, according to exchange data. Brokers act on behalf of clients including trading houses, consumers and producers to buy or sell commodities through the exchange. Jefferies Bache Ltd. sold 670 tons and INTL FCStone Ltd. delivered 190 tons.
The May futures expired on May 14 at 1,794 pounds ($3,005) a ton, 18 pounds below the July contract, data on Bloomberg showed. That market structure of earlier-dated contracts being cheaper than later ones is known as contango and usually signals adequate supplies.
Global cocoa production in the 2013-14 season will fall short of demand by 115,000 tons, the International Cocoa Organization estimated on Feb. 28.
The March delivery was 37,350 tons compared with 34,530 tons in May last year, exchange data showed.