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Chocolate - get it while you can!!

Posted on 09/25/2013 4:13:43 AM PDT by djf

Reports coming in of a very, very bad cocoa bean harvest in Africa, and many cocoa farmers abandoning it for more profitable crops.

I started researching it a bit after passing the Lindt bars at my local store - up to almost 5 dollars for the 75% cacao. Managed to snag four bars at a large outlet store for half that.

The articles I've read say you should expect dark chocolate to go up to six dollars a pound or more...

Hey, life is rough. But it's even worse without chocolate!


TOPICS: Food
KEYWORDS:

1 posted on 09/25/2013 4:13:43 AM PDT by djf
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To: djf

I can’t imagine life without chocolate.

Thank you for the tip, might be good to stock up on Halloween candy too.


2 posted on 09/25/2013 4:16:10 AM PDT by Gefn (More Cowbell)
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To: djf

Nigeria’s Main Cocoa Crop Seen by Industry Group Climbing 28% http://www.businessweek.com/news/2013-09-13/nigeria-s-main-cocoa-crop-seen-by-industry-group-climbing-28-percent


3 posted on 09/25/2013 4:17:15 AM PDT by EBH ( Freeman: A person not in slavery or serfdom.)
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To: djf

Isn’t there a few lines in Orwell’s “1984” about the chocolate rationing?


4 posted on 09/25/2013 4:17:25 AM PDT by Old Sarge (Opinions are like orgasms: only mine count, and I couldn't care less if you have one...)
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To: djf

Last week, December 2013 cocoa “opened at $2,555 per tonne and closed the week at $2,601. You can see cocoa has moved up nicely since the July 1 open of $2,170. Looking at the data below from the ICCO we see forecast a supply deficit for 2012/2013. A few weeks ago the ICCO increased the size of the supply deficit from what was earlier forecast. On the monthly chart below you can see the price action during and after these periods of supply deficit,” reports Gary Kamen for Futures Magazine.

Although daily grindings have remained steady, data from the International Cocoa Organization (ICCO) indicate cocoa supplies will be in deficit for the current crop year after running surpluses in three of the previous four crop years. Production will be 118,000 metric tons smaller than consumption in 2013-14, on top of a shortage of 98,000 tons this year, reports Isis Almeida for Bloomberg.
http://finance.yahoo.com/news/cocoa-etn-looking-sweet-120025074.html


5 posted on 09/25/2013 4:20:55 AM PDT by EBH ( Freeman: A person not in slavery or serfdom.)
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To: EBH

http://www.today.com/money/chocolate-lovers-bitter-pill-prices-are-going-8C11142184


6 posted on 09/25/2013 4:21:08 AM PDT by djf (Global warming is turning out to be a bunch of hot air!!)
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To: Old Sarge

“Chocolate rations have been increased from eighty grams to fifty”


7 posted on 09/25/2013 4:22:53 AM PDT by AndrewB (FUBO)
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To: AndrewB; Old Sarge

Sounds about right.

That’s why a one pound box of raisins these days has 14 ounces.
But the packaging is prettier, so it’s a bargain!


8 posted on 09/25/2013 4:24:52 AM PDT by djf (Global warming is turning out to be a bunch of hot air!!)
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To: djf

Obama is pleased to report more progress in the fight against racist food habits like chocolate being scarfed down by typical white people and crazy asscrackers.

Let them eat snow.


9 posted on 09/25/2013 4:27:22 AM PDT by Hardraade (http://junipersec.wordpress.com (Obama: the bearded lady of the Muslim Brotherhood))
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To: Gefn

“might be good to stock up on Halloween candy too.”
_____________________________________
I don’t think I would be wasting good chocolate on trick or treaters. Lollypops should do just fine ;)


10 posted on 09/25/2013 4:27:58 AM PDT by AlexW
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To: djf

I like white chocolate, and am having a hard time finding it in my local stores.


11 posted on 09/25/2013 4:28:09 AM PDT by Dr. Bogus Pachysandra ( Ya can't pick up a turd by the clean end!)
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To: djf

I used to eat a pound of chocolate a day for at least a decade. Dropped off somewhat after the truckloads were delivered liquid in tankers.


12 posted on 09/25/2013 4:33:13 AM PDT by Second Amendment First
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To: djf
No problem ... just one more habit to slough off as I harden myself for the times that are to come. I'm changed from my "typical American diet" to drinking only purified water and green tea each day, and down from >2000 calories per day to about 1000 calories per day.

I can do without the 2 square inches of sugar-free dark choc I was allowing myself per day.

But, as I get leaner, I'm also gettin' meaner. I got no problem with that!

13 posted on 09/25/2013 4:35:07 AM PDT by The Duke
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To: djf

The clowns running the ICCO say this every harvest time. Maybe they’re right, maybe they’re bluffing.

It works out really, really well for their members if they’re bluffing the prices higher on a large harvest.


14 posted on 09/25/2013 4:37:12 AM PDT by Darteaus94025 (Phony President)
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To: Dr. Bogus Pachysandra
White chocolate is racist.

/s

CC

15 posted on 09/25/2013 4:45:07 AM PDT by Celtic Conservative (tease not the dragon for thou art crunchy when roasted and taste good with ketchup)
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To: Gefn

Chocolate is my Achilles heel!!!!!!!!!!!!


16 posted on 09/25/2013 4:48:04 AM PDT by Hyman Roth
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To: Darteaus94025

In the 60’s there was a book by Adam Smith (pseudo name) called “the money game”. One of the humerous chapters delt with outfitting a relative of a friend and sending him off to Africa to check on the cocoa crop. It was a hilarious read. The moral of the story was when dealing in commodities like cocoa one is pitting their knowledge and information against the likes of Hershey and Nestle.


17 posted on 09/25/2013 4:50:12 AM PDT by Mouton (The insurrection laws perpetuate what we have for a government now.)
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To: Dr. Bogus Pachysandra

Dat’s Rasiss!


18 posted on 09/25/2013 4:59:17 AM PDT by left that other site (You Shall Know the Truth, and the Truth Shall Set You Free...John 8:32)
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To: djf

The marshmallow crop is not doing well either. Smores wil be rationed.

https://www.youtube.com/watch?v=yflTu150QZw&feature=youtube_gdata_player


19 posted on 09/25/2013 5:02:33 AM PDT by CrazyIvan (Obama phones= Bread and circuits.)
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To: CrazyIvan
"The marshmallow crop is not doing well either. Smores will be rationed."

Graham Cracker not doing well either.


20 posted on 09/25/2013 5:12:33 AM PDT by Rebelbase (Tagline: (optional, printed after your name on post))
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To: djf

Good thing I have a good stash in the freezer. Chocolate has its own section.


21 posted on 09/25/2013 5:16:15 AM PDT by Bloody Sam Roberts (So Obama "inherited" a mess? Firemen "inherit" messes too. Ever see one put gasoline on it?)
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To: Bloody Sam Roberts

I have about 5 lbs of the Lindt and a mix of other brands stashed.
All dark. No milk chocolate.

The recommendations I see always say to NEVER freeze chocolate. It makes the oils and fats separate.
I dunno if it’s true, because mine is stored in the wrappers in a small metal crate, in a part of my house that stays pretty cool.


22 posted on 09/25/2013 5:20:44 AM PDT by djf (Global warming is turning out to be a bunch of hot air!!)
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To: Old Sarge

As long as the government keeps my increase in ration to 25 grams a week, I don’t care how much it costs.


23 posted on 09/25/2013 5:21:54 AM PDT by The Antiyuppie ("When small men cast long shadows, then it is very late in the day.")
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To: djf

You mean Obama and the Democrats haven’t yet outlawed chocolate???


24 posted on 09/25/2013 5:36:28 AM PDT by Jack Hammer (American)
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To: djf
I vacuum seal dark chocolate only in Mylar bags with O2 absorbers. I opened one 2 weeks ago that had been sealed thus since 2010. It was wonderful.
25 posted on 09/25/2013 6:04:43 AM PDT by Bloody Sam Roberts (So Obama "inherited" a mess? Firemen "inherit" messes too. Ever see one put gasoline on it?)
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To: djf

Chocolate per pound costs more than good steak per pound.


26 posted on 09/25/2013 6:07:48 AM PDT by SkyDancer (Live your life in such a way that the Westboro church will want to picket your funeral)
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To: Rebelbase

Thanks for the chuckles. That was good.


27 posted on 09/25/2013 6:09:22 AM PDT by txmissy
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To: djf

Everything is up. Reminds me of the Carter years. I’ve been warning of this since Obama got in - inflation is the sign of a Democrat president. They claim to be for the “common folk” but their policies make it so hard for business that prices rise - the ultimate tax on the poorest.

But not enough grow chocolate. It is, after all, a food staple... seriously.


28 posted on 09/25/2013 6:09:40 AM PDT by I still care (I miss my friends, bagels, and the NYC skyline - but not the taxes. I love the South.)
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To: SkyDancer

Ahh, CHOCOLATE! ...


29 posted on 09/25/2013 6:11:06 AM PDT by MHGinTN (Being deceived can be cured.)
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To: djf

If prices are that high surely someone on the planet will cultivate more. The market does work if you let it.


30 posted on 09/25/2013 6:20:52 AM PDT by Buckeye McFrog
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To: djf

Great timing. My wife finally started eating dark chocolate because Dr. Oz told her so or something. It’s healthier, which is why I like it. Okay, not really. Just like it.


31 posted on 09/25/2013 6:25:34 AM PDT by Tanniker Smith (Rome didn't fall in a day, either.)
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To: djf

Welcome to the planet Algon, Here an ordinary cup of drinking chocolate costs four million pounds.


32 posted on 09/25/2013 6:26:08 AM PDT by dfwgator
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To: dfwgator

Typical shipping charges ... interstellar deliveries are lagging.


33 posted on 09/25/2013 6:40:06 AM PDT by MHGinTN (Being deceived can be cured.)
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To: Gefn

chocolate is third on my favorite snack list first is bacon, second are potato chips


34 posted on 09/25/2013 9:58:59 AM PDT by bravo whiskey (We should not fear our government. Our government should fear us.)
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To: bravo whiskey

No, chocolate, then ice cream, then something salty,

It’s all good.


35 posted on 09/25/2013 10:58:01 AM PDT by Gefn (More Cowbell)
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To: djf

argh


36 posted on 09/25/2013 11:12:57 AM PDT by GeronL
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To: GeronL

Well, as others have said, it might not be so bad - I remember a few years back they said the same thing about coffee. IIRC coffee prices barely budged, and then they dropped down past where they had originally been.


37 posted on 09/25/2013 11:42:42 AM PDT by djf (Global warming is turning out to be a bunch of hot air!!)
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