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Commodities trader Noble winding down cocoa ops: sources

Monday, January 19, 2015 - 22:10

[LONDON] Hong Kong-based commodities trading house Noble Group is winding down its cocoa operations, three sources said on Monday.

Two of the sources said that Noble is expected to have liquidated its cocoa trading book by June at the latest.

Noble declined to comment.

The move follows the departure of Paul Davis, a veteran cocoa trader, who resigned as global head of cocoa in October 2014.

REUTERS