Good News For Chocolate Lovers

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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.

Cocoa Prices

Cocoa Prices

 Who says I never deliver any good news?
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About Tony Lima

Retired after teaching economics at California State Univ., East Bay (Hayward, CA). Ph.D., economics, Stanford. Also taught MBA finance at the California University of Management and Technology. Occasionally take on a consulting project if it's interesting. Other interests include wine and technology.