Re:Cocoa surpasses $10k a tonne as shortages squeeze 'out of...
by fngjdflmdflg on Wednesday March 27, 2024 @09:43PM
(#39846889)
Take a look at the already expired March cocoa futures.[0] This is clearly not speculation.
>The normal thing instead would for people to eat less chocolate until there is enough supply
The cost of cocoa is not identical to the cost of chocolate.
>Based on a 200g milk chocolate bar costing €2, cocoa
comprises around 10 percent of total costs; sugar 1 percent;
milk products 6 percent; production, packaging and
marketing and profits around 78 percent and tax 6 percent. [1]
This means a 3x increase in prices would make the bar cost €2.60. There are also products that use only small amounts of chocolate, reducing the total increase even further. For example the increase in chocolate costs in a chocolate chip cookie is negligible.
>The normal thing instead would for people to eat less chocolate until there is enough supply
The cost of cocoa is not identical to the cost of chocolate.
>Based on a 200g milk chocolate bar costing €2, cocoa comprises around 10 percent of total costs; sugar 1 percent; milk products 6 percent; production, packaging and marketing and profits around 78 percent and tax 6 percent. [1]
This means a 3x increase in prices would make the bar cost €2.60. There are also products that use only small amounts of chocolate, reducing the total increase even further. For example the increase in chocolate costs in a chocolate chip cookie is negligible.
[0] https://www.barchart.com/futures/quotes/CCH24
[1] https://edepot.wur.nl/335476