The Economics Of Chocolate

摘要

The price of cocoa has proved to be more resilient than many other commodities and in Barry Callebaut's recent full-year report, the company has shown continued growth with sales revenue increasing by 17.3%. This has mostly been due to higher volumes and higher raw material prices. The company has seen net profits for the fiscal year, that ended 31 August 2008, increase by 65.6%. Despite the almost certain prospect of a reduction in these figures, analysts believe expectations of tighter supplies in 2009 can give the cocoa price a further boost compared to the values of oil, metals and food staples, which have fallen sharply.