Archive for October 23rd, 2009

Cocoa Prices and Currency Measurement

Friday, October 23rd, 2009
Cocoa Prices and Currency Measurement

The Wall Street Journal today reported “Cocoa Hits A 30-Year High,” and gains “… soar 70% in a year.” That’s true, if one looks at prices in US dollars. But, cocoa is a global commodity, so in other places that buy cocoa, the relevant price is in their currency. For example, the European chocolate... »

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