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Profit from the Chocolate Crisis

Posted June 17, 2008

“As a result of all this, candy manufacturers are raising prices. From this time last year, Lindt has increased prices 27%, Nestle 17%, and Cadbury 10%.” — Sally Limantour

by Sally Limantour

Baltimore – (TFN): Cocoa supplies are suffering as the crop deteriorates. In the largest producing area, the Ivory Coast, cocoa farmers are forced to curtail spending on fertilizer and pesticides due to high prices. This in turn has sent the price of cocoa to 28-year highs.

A farmer in Daloa, a major cocoa growing area, says, “They tell us to spray the fields and put down fertilizer when it starts to rain in April, but we don’t have the money. All the money goes on feeding and schooling the kids — there’s nothing left.”

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Sally Limantour is a regular contributor to Taipan Daily, your FREE resource for late-breaking investment opportunities to help you beat Wall Street to the profits.

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As a result of all this, candy manufacturers are raising prices. From this time last year, Lindt has increased prices 27%, Nestle 17%, and Cadbury 10%. The tasteful obsession of chocolate is but one reminder of the consequence of higher prices. And, it doesn’t look like these price spirals will be going away anytime soon. Read on to learn how to profit from the global chocolate addiction.

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