iPath Dow Jones-UBS Cocoa Total Return Sub-Index ETN (NYSEArca: NIB)

2013 Gain: 21.6%

Comment: The current cocoa deficit is the commodity’s largest in 50 years and the supply deficit is expected to last through 2018. Traders anticipate cocoa prices could rise an average 15% to $3,200 a ton by the end of 2014. ICE cocoa futures currently trade around $2,771 per ton, rising 24% this year, the second best performer among the 24 commodities tracked by the Standard & Poor’s GSCI gauge. [Largest Cocoa Deficit in 50 Years Strengthens Chocolate ETNs]

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