Archive for July, 2010
Food Business News reports in its July 6 issue that cocoa demand is, in fact, quite elastic.
As a result of the economy, consumer demand for high-end chocolate, which uses cocoa butter, plummeted. At the same time, demand for compound chocolate, which uses cocoa powder, rose. Since equal amounts of butter and powder are made in the processing operation, many processors cut back or shut down, resulting in a very tight market for cocoa powder.
The International Cocoa Organization expects demand and prices to increase through 2011. Many cocoa buyers have held off making their purchases and are now experiencing 24 week delivery times.
Gillco has planned for this shortage and we have limited supplies available. If you would like to secure your organic cocoa supply for the first half of 2011, please contact us as soon as possible so we can reserve your requirements.