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Cocoa and Oil, Chocolate and Crude

If you thought high crude prices were going to be the Grinch who stole this Christmas, you haven't been following developments in the Ivory Coast.

Civil unrest in the producer of 40% of the world's cocoa has sent cocoa futures to a five year high, raising concerns about chocolate prices as the holiday season approaches.

"With the new tensions, we suspect that buyers will be forced into paying a premium to extricate the main crop supply from the Ivory Coast," wrote analysts at the Hightower Report in Chicago

I can handle paying more at the pump, but don't take away my chocolate!


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