Tuesday, 8 June 2010

Worrying inflation

Get to your panic stations. The price of chocolate is about to go through the roof. Swollen shoot viral disease has struck the cocoa crop in the Ivory Coast which is the world’s biggest exporter. The London Daily Telegraph reports this morning that cocoa futures for July delivery jumped 1.5pc on the Liffe exchange to more than £2,588 this week. At one point it reached £2,606 a tonne, its highest since October 1977. Ten years ago the price was a mere £600 a tonne.
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