3 Tasty Chocolate Stocks To Buy Now For Cocoa Exposure [Forbes]
NESTLE S.A S/ADR (NSRGY)
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Source: Forbes
As do many people around the world. But the obvious key ingredient in chocolate, cocoa, has a lot to do with how affordable chocolate is to buy. No one is surprised to see the price rise before Halloween each year. But during the past 12 months, the price of cocoa has risen at a rate that can only be described as scary. According to the S&P GSCI Cocoa index, prices for this commodity traded in a fairly predictable range for about a decade, until October of last year. Then, seemingly out of nowhere, the price of cocoa skyrocketed, as if intent on breaking through the glass ceiling in Willy Wonka's chocolate factory. A more than 150% increase in under six months naturally has investors wondering what to make of the sharp rise. This article looks at three stocks that may be beneficiaries of a reversal of that sharp rise in the price of cocoa. They are all companies for whom chocolate is their main product, and as with any food company, the prices of the ingredients that go into the p
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