The Cocoa contract is the world benchmark for the global cocoa market. The contract prices the physical delivery of exchange-grade product from a variety of African, Asian and Central and South American origins to any of five US delivery ports.
|Contract Size||10 metric tons|
|Price Quotation||Dollars per metric tons|
|Contract Listings||March, May, July, September, December|
|Minimum Price Movement||$1.00/metric ton, equivalent to $10.00 per contract.|
|Daily Price Limit||None|
|Deliverable Growths||The growth of any country or clime, including new or yet unknown
growths. Growths are divided into three classifications. Group
A-Deliverable at a premium of $160/ton (including main crops of
Ghana, Lome, Nigeria, Ivory Coast and Sierra Leone). Group
B-Deliverable at a premium of $80/ton (includes Bahia, Arriba,
Venezuela,Sanchez among others). Group C-Deliverable at par
(includes Haiti, Malaysia and all others).
Commencing with the July 2015 expiry, the growths of Peru and Colombia will be included in Group B.
|Delivery Points||At licensed warehouses in the Port of New York District, Delaware River Port District, Port of Hampton Roads, Port of Albany or Port of Baltimore.|
|First Notice Day||Ten business days prior to first business day of delivery month.|
|Last Trading Day||One business day prior to last notice day.|
|Last Notice Day||Ten business days prior to last business day of delivery month|
|Position Limits||Position Limit and Position Accountability information for all IFUS products can be found at https://www.theice.com/publicdocs/futures_us_reports/all/Futures_US_Position_Limits.pdf.|
Clearing Admin NameCocoa