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19#
发表于 2013-10-15 16:55
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homework
Best melt in your mouth, chocolate could soon melt your wallet. Cocoa bean prices have risen 27% in 6 months. and its byproduct Cocoa-Butter, the key ingredient that gives chocolate the melting texture, has nearly doubled in price. Driving them higher types of flier beans. Lack of rain cut Cocoa production in The Ivory Coast. Sterling Smith is future specialist at CitiGroup. We have smallther issues going on, in central west Africa. Most of the Cocoa in the world, 70% is grown in a small area stretching from edge west of ivory coast moving east, through Ghana. And this area has received by half as much rain as normally does. and this is the interlect Coco future. After that, greater demand from consumers for Chocolate as economy recovered. Cocoa is the direct benefactor that is people has a little bit money in pocket would spent. The second thing is resing better demanding for cocoa in chocolate items coming out of south east asia, and asia as a whole, and this is in term greating more demand for a product that has a limit of growing area. Smith says it usually takes 4 to 7 months elevated coco butter prices, before consumers have to pay more for chocolate. We have been elevated cocoa butter situation for at least 4 or 5 months. so I would to suspect as we start to more towards christmas period, certainly by the time we get valintines today, we are going to be looking for a chocolate price a little bit more elevated, more of the world, you know year over year. Chocolate maker wouldn't commit whether they will rise retail prices, but Smith says if the weather in Crop situation in West Ghana gets worse, the price on that one dollar candy bar could shoot to 1.25. I am bitter sweety. |
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