10-25-2009, 10:44 PM
Bad weather is increasing the cost of cocoa.
"Cocoa prices hit a 30-year high yesterday as poor weather threatens to drive the price of chocolate up again for Western consumers.
Cocoa hit $3,412 a tonne in New York yesterday as concerns deepened about demand outstripping supply for the first time since 1968. This was the highest price for cocoa futures since June 1979, although prices eased back slightly later"
http://business.timesonline.co.uk/tol/bu...888158.ece
http://futures.tradingcharts.com/chart/CC/M
"Cocoa prices hit a 30-year high yesterday as poor weather threatens to drive the price of chocolate up again for Western consumers.
Cocoa hit $3,412 a tonne in New York yesterday as concerns deepened about demand outstripping supply for the first time since 1968. This was the highest price for cocoa futures since June 1979, although prices eased back slightly later"
http://business.timesonline.co.uk/tol/bu...888158.ece
http://futures.tradingcharts.com/chart/CC/M