Hot cocoa anyone? Just hit all time high at 10K per metric ton

[wartrace]

Luckily cocoa is a non-essential food.

We can survive without cocoa.

Speak for yourself. I love the Hershey kisses with almonds. I just bought a "Party bag" and it was 13.49 up from 11.99 last time.

 

[murray t turtle]

Weren't we like talking about this 2 weeks ago?

%%
YES;
and diluting[cutting]chocolate with whole grains, like the granola kings do.
And plenty of quality brands like Quaker Oats , Kind LLC....;
that use low or no chocolate.
Carob tastes better than chocolate, maybe more expensive, hard to get
THAT choc is good way past expiry date, good brands anyway

 

[tomas262]

I just went to kitchen to pick some dark chocolate after reading the thread. El Niňo seems a real thing. At least for cocoa traders ...

 

[schizo]

"Ivory Coast, the biggest coca producer in the world, is facing hotter-than-normal temperatures — which have led to dryer-than-usual conditions and crop yields.

Difficult weather conditions and disease have affected production in West Africa, which produces about 70% of the world’s cocoa. The two largest producers, Ivory Coast and Ghana, have been hit by a combination of heavy rain, dry heat and disease recently."

Because of this, a couple things can happen in the foreseeable future. First, manufacturers can switch over to using a substitute for cocoa, just as sweeteners went from sugar to corn starch. Second solution, which is more depressing IMO, is that the planters will go the GMO route. The sugar cane plantations in Hawaii went through a similar drought/disease phase not too long ago and have since been replaced with GMOs.

 

[S2007S]

At one time there were cocoa etfs ....no longer available for trading. Would have been quite a show stopper to see where they would be trading today.

 

[TrailerParkTed]

At one time there were cocoa etfs ....no longer available for trading. Would have been quite a show stopper to see where they would be trading today.

Can’t you buy LSE stocks through a broker?


https://www.morningstar.com/etfs/xlon/coco/quote

 

[murray t turtle]

Because of this, a couple things can happen in the foreseeable future. First, manufacturers can switch over to using a substitute for cocoa, just as sweeteners went from sugar to corn starch.
Second solution, which is more depressing IMO, is that the planters will go the GMO route. The sugar cane plantations in Hawaii went through a similar drought/disease phase not too long ago and have since been replaced with GMOs.

%%
CURE for hi prices is hi prices, timing on that is different deal LOL.
Chocolate tastes fine. I still like mine cut some with whole grains, granola, before any price change.
MOST overstock for Easter +Good Friday;
most likely reduced prices for chocolate rabbits, early APR.

 

[schizo]

Can’t you buy LSE stocks through a broker?


https://www.morningstar.com/etfs/xlon/coco/quote

I dunno, man. You'd think with all the attention surrounding cocoa, there would be a lot of action here. But this is one thinly traded market.

 

[Handle123]

If you didn't sell it last week, sell it now/hedged.

 

[murray t turtle]

If you didn't sell it last week, sell it now/hedged.

%%
barchart.com has 100% buy , on may + JUL contracts;
but ''weakest...50dma+ weakest 100dma''.[Even though on ETFs /I use my 50dma tech stuff more than thiers]
I dont keep up with that much, but fun read, funds profit taking, knocked it negative.
I have more than enough choc + choc cut[diluted] with whole grains.
Exit UPRO , some SPY daytrade +FXN swing ..........