Despite a drop in demand, cocoa has risen to levels not seen in months, with prices propped up by falling production worldwide. Especially as food giant Kraft preps for a second bid for U.K.-based Cadbury
The is probably due to the drop in Global Cocoa Production. Due to deteriorating harvesting conditions, the world's top cocoa producers: Ivory Coast, Ghana, Indonesia, Nigeria and Cameroon are producing less and as a result forcing prices to go up [1].
- ↑ "Chocolate Cravings" Article from Hardassetinvestor