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Booming Food Commodities: Playing China’s new chocolate obsession

Posted February 12, 2008

"The effect of China and India’s awakening has already been felt in the oil and precious metals markets. But there is something else that all this economic freedom has brought. China and India have finally developed their sweet tooth." — Jamie Ellis

by Jamie Ellis, Whiskey and Gunpowder

Baltimore – (TFN):  Over the past decade, an economic awakening has occurred across Asia. The over 2.4 billion people that make up both China and India have finally joined the Western world in the 21st century. Over a third of the world’s population has recently become consumers, and they are consuming at record-breaking levels.

The effect of China and India’s awakening has already been felt in the oil and precious metals markets. But there is something else that all this economic freedom has brought. China and India have finally developed their sweet tooth. Cars? Check. Roads? Check. Now all they need is something sweet for later.

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That’s right, the citizens of China and India have developed a taste for some of the finer things in life, chief among them chocolate. Simple, sweet, delicious chocolate has become big business. With all these new mouths to feed, we can certainly expect continued upswings in the cocoa futures market.

Much of the world’s cocoa is produced in Africa, notably in the Ivory Coast. In recent years, the demand in China for different commodities produced in Africa has risen exponentially. China’s economy is on the rise, and the Chinese are finally ready to start importing as a reward for all that tireless exporting they’ve been doing. Read on to learn how you can profit from China's new sweet tooth.

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