Thursday, December 4, 2008

Commodities: Cocoa Holding Up Well

While commodities continue to get battered, cocoa is performing stongly for the group, actually growing by 15 percent for the year, standing at about $2,372 a metric ton.

So far chocolate sales this year have been decent, but like everything else, much depends on the economy as to whether that will continue.

A major concern in this area is dark chocolate, which uses more cocoa than its milk chocolate cousin.

The good news is cocoa-related chocolate is a comfort food, and historically during times like these - along with coffee - have grown in usage.

There's always a bright side for specific commodities, as demand for some over others will always be part of human desire.

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