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2011/04/15

Cacoa Prices

Yes its time for the almighty long economic post about chocolate prices!

Ivory Coast is one of the biggest producers of chocolate in the world!
The civil war
But it seems that after the political unrest in Ivory coast had brought up prices for a bit! Everybody was very worried about the upcomming chocolate prices, especially the last couple of months, there was a huge rise in prices for cacoa beans!

That would mean, that EVERYTHING made out of chocolate, would become more expensive which would be bad... very bad to my wallet!
Mercenary's/Soldiers


Well thats not the worst of this story, because there was a civil war in the Ivory Coast, which was mainly on killing civilians, hiring mercenaries and basically was an all-out war.... About the same as Lybia now has, but this one had a lot less media attention.
Outtara had put a ban on cacao export, so that gbagbo could no longer receive income from the chocolate sector, because of the drop of cacao supplies, the prices went up.
Former President Laurent Gbagbo

But now he has been captured
Wikipedia:
On 11 April, Ouattara's forces stormed Gbagbo's residence and arrested him. The final assault was assisted by French forces using helicopters and armoured vehicles, although the actual capture was made by Ouattara's troops. Gbagbo, his wife, son and about 50 members of his entourage were captured unharmed and were taken to the Golf Hotel, Ouattara's headquarters, where they were placed under United Nations guard.


A soldier guarding POW's



President Outtara
Well thats that, and now that Outtara's in control, and Gbagbo has been moved out of the way, the export of cacao can continue, and hopefully the prices will drop again!


Here are the daily prices of cacao from the International Cacao Organisation ICCO
http://www.icco.org/statistics/daily_prices.aspx


Well I had a very busy week, and I hope 
(= Don't forget to vote ''good post'' or ''bad post'' Chocolate for everybody!!-Chocotaster

45 comments:

  1. lets hope prices drop (same for oil)

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  2. Is it racist to think they look like chocolate men?
    >.>

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  3. I would give up buying shoes to keep myself stocked with chocolate ;)

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  4. Offtopic: you misunderstood my blog, it is not intended as a "nostradamus we're all going to die in 2012", that is just a platform for posting art related to it. I don't believe in such misinformed crap.

    Good blog, btw :P

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  5. of course it's like this because of our need for it!

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  6. @rinns
    Hahahaha xD Maybe a tad racist...
    But this is a chocolate blog, and chocolate men have been in here before, so everybody understands if you mix them up :P

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  7. Yeah it has been a pretty crazy story. There is also an interesting back story involving America's religious right and support of Gbagbo who refused to leave

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  8. wtf rinns stole my comment

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  9. Note to self: buy more chocolate.
    PS - I'm working on posting chocolate eclairs that I made! Very tasty, look out for it!

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  10. I could make a racist joke about Africa being the biggest producers of chocolate in the world, but I ain't gunna... So instead, let me just say. Make Chocolate not war!

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  11. wow, didn't know of the unrest over there. hope everything will turn out okay for the people.

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  12. im going to go nuts if i dont get my coco fix

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  13. We grow it down here in Costa Rica, but unfortunately they don't export it. If you go to the cloud forest near Arenal, there are dozens of little mom-and-pop chocolate factories where they give tours of the growing setups.

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  14. i'm sad about the cocoa prices. i didn't make it on the chocolate cold turkey

    i am on a liquid diet for 2-4 weeks ugh ... that means sucking on chocolate and chocolate coconut 'ice cream'

    :) gotta keep my calories up lol!

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  15. YES, FREEDOM TO THE CHOCOLATE ONCE MORE

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  16. zeer mooie post;))
    sturen kusjes .. ; *
    Ik groet en wens u een fijne zaterdag; *

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  17. We must fight for the freedom of chocolate! :D

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  18. That's a market i would never have even thought about being affected by a civil war. Sucks.

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  19. That sucks, wouldnt want my chocolate bar to be more expensive:( Instead of 10 I can only buy 8:(

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  20. I would never have known about this had it not been for you. Thanks for educating me about behind the scenes of chocolate.

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  21. Well it looks like since the guy's been captured, itll be a happy ending for people and chocolate!
    Please check out my blog too!

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  22. i voted good post, very interesting read! ;D

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  23. Those mercenaries look like they're having the best time of their lives

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  24. it's crazy to think that is all wrapped up in the chocolate business....it made me think

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  25. let's hope they get back to normal quickly

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  26. It's crazy that the chocolate process is so serious and life-threatening!

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  27. Cocoa beans business is what making certain african countries well... alive.

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  28. I saw this on the news the other day. Red Cross people were burying corpses but the army commanded to just let them lie on the street 0_0'

    It's a rough situation out there...

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  29. This is not good.
    And I prefer the high percentage end of dark chocolate too. : I

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  30. This comment has been removed by a blog administrator.

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  31. But, I want to be able to afford my chocolate!

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  32. if they take chocolate from my ill cray!

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  33. the crazy story of Chocolate continues...

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  34. Keep chocolate cheap!! I like dark chocolate, so this does not bode well...

    Following and supporting!

    Yorkie Love

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  35. Very interesting/ informative post!
    I always love to visit your blog :)
    R.

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