Those planning to consume chocolate as a comfort food during Great Depression II can expect to pay rising prices for their elixir:
Cocoa for delivery in May peaked at £1,820 per tonne in London, which was its highest price since October 1985. ..."Cocoa is on fire," said Sterling Smith from FuturesOne in Chicago.
"We have supply concerns continuing. The market is plenty bullish and we have plenty of room to go on the upside," he added.
There are concerns about falling cocoa production in Africa, while demand for cocoa is holding up much better than other commodities in the downturn.
Any one noticing this at the register yet?