date:Oct 08, 2013
rom two years ago.
Meanwhile, the cocoa butterfat ratio, which is used to price cocoa butter against cocoa bean futures prices as actual butter values are difficult to ascertain, has understandably moved in the opposite direction as powder. The butterfat ratio currently is at a five-year high near 3.0 (3 times the New York cocoa bean futures price of $2,630 a tonne, which puts butter near $7,900 a tonne), with some sources putting cocoa butter prices at eight-year highs in the United States. Th