A raw-foods good whose futures are traded on the Coffee, Sugar & Cocoa Exchange (CSCE), which is a subsidiary of the New York Board of Trade (NYBOT). Futures and options contracts are traded on the CSCE, as well as other exchanges. One of the important reports followed by the industry is the quarterly cocoa grind report that is published by the Chocolate Manufacturers Assoc. of the U.S.A. and the New York Board of Trade. Cocoa contracts are traded by cocoa growers and chocolate processors in order to protect themselves against sharp price movements that could create a loss.