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this is the big news in the commodity markets right now is this parabolic spike in Coco prices Coco's moved in
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price from about 2,000 bucks a ton which is where it normally trades at to $10,000 a ton so here's all the Coco
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production 73% of it's in Africa mostly in Ghana and Ivory Coast Coco is grown from the cacao tree when you eat a
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Hershey's bar for example 11% of that bar is ground up cocoa powder so in Q4 of last year ELO spiked like crazy and
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that caused a lot of rainfall to hit the west coast of Africa and as a result result this fungus was spread in cocoa
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trees there's a fungus called blackp disease so now if you look at the Coco production out of Ghana you can see that
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we've seen them 50% rough decline in Cocoa production so when that happened everyone started to Corner the market
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and then all the short sellers got squeezed and it caused this big parabolic jump in price chocolate
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companies they're talking about cutting the size of their chocolate bars raising
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prices and starting to use other ingredients so you'll start to see that happen in the shelves in the next couple
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of months