Posts Tagged cocoa
Good News For Chocolate Lovers
Posted by TonyLima in Current issues on December 13, 2011
Just in time for the holidays, there’s good news for chocolate lovers! Cocoa prices have dropped by about 50 percent since March. From the Wall Street Journal: “In U.S. trading Friday, cocoa fetched $1,936 a metric ton, down from a 32-year peak of $3,774 in March. A bumper West African crop has boosted cocoa supplies while the crisis in Europe — home to countries with the world’s highest per capita chocolate consumption — is putting a crimp in demand.” The graph tells the rest of the story.
Who says I never deliver any good news?



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