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https://theconversation.com/the-cocoa-price-has-doubled-in-mere-months-but-it-shouldnt-add-much-to-the-price-of-chocolate-heres-why-226914>
"Since the start of this year, the price for cocoa traded on the futures
exchange has doubled, climbing from US$4,275 a tonne to US$9,481 after earlier
hitting an all-time high of US$10,274.
So it would be natural to expect the price of chocolate to soar, and to expect
cocoa growers to get more.
But, as surprising as it seems, my calculations suggest neither is likely,
although we can certainly expect the price of chocolate to rise.
The price of cocoa is soaring because intense heat and rains have hit harvests
in West Africa. Yields are expected to fall short for the third year in a row.
As this has happened, climate change and desertification have shrunk the amount
of land suitable for growing cocoa, at the same time as demand for cocoa has
continued to grow.
An increase of US$5,000 per tonne means an increase of 50 US cents per 100
grams.
A typical chocolate snack weighing 45 grams includes about 15% cocoa, so it
contains seven grams. This means an increase in the cocoa price of US$5,000 per
tonne is only capable of increasing the cost of a typical chocolate snack by
about four US cents, which is six Australian cents.
But already this year the price of finished chocolate bars has increased by
more."
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
