date:Oct 08, 2013
than six times to over $2.50 a lb. During that time, butter stocks sat in warehouses while some confectioners and other food manufacturers reformulated recipes to use powder, in some cases switching to compounds that utilized cocoa powder and vegetable oil rather than cocoa butter.
But as the saying goes, the best cure for high prices is high prices. Since May 2011, cocoa powder values have plunged to lows around 90c a lb, which still is strong on a historical basis but is down more than 60% f