Wednesday, February 13, 2008

Got Cocoa!

Thomas Jefferson said, “The superiority of chocolate, both for health and nourishment, will soon give it the same preference over tea and coffee in American which it has in Spain.” Although we have yet to truly reach that point with modern day hot chocolate surpassing tea and/or coffee. However, the tide may be changing? According to the International Business Times, the demand for cocoa for a March delivery increased “3 pounds, or 0.3 percent, to 1,120 pounds ($2,187) a ton after posting 17 percent gain last year.” On the other hand, coffee delivery for “March declined $23, or 1.1 percent, to $2,024 a metric ton.”

The value of the dollar vs. the euro plays a role in this equation as well…but I really don’t understand all of that extra stuff. All I care about is… Got Cocoa!

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