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Ebola Fears Sends Price Volatility Surging In... Chocolate

Tyler Durden's picture




 

The world's candy-makers are worried. As Politico reports, Ivory Coast, the world’s largest producer of cacao, the raw ingredient in all your favorite candy, has shut down its borders with Liberia and Guinea, putting a major crimp on the workforce needed to pick the beans that end up in chocolate bars. While Ivory Coast (which produces around a third of the world's total cacao beans) has yet to see a single case of Ebola yet, the price of Cocoa futures has become extremely volatile in recent weeks breaking notably higher than its normal range between $2000 and $2700 pere ton. Simply put - and not wanting to spread panic and fear - Ebola is threatening much of the world's chocolate supply.

Cocoa prices are surging and volatile...

 

As Politico reports,

Ivory Coast, the world’s largest producer of cacao, the raw ingredient in M&M’s, Butterfingers and Snickers Bars, has shut down its borders with Liberia and Guinea, putting a major crimp on the workforce needed to pick the beans that end up in chocolate bars and other treats just as the harvest season begins. The West African nation of about 20 million — also known as Côte D’Ivoire — has yet to experience a single case of Ebola, but the outbreak already could raise prices.

 

 

Ivory Coast, which produces about 1.6 million metric tons of cacao beans per year — roughly 33 percent of the world’s total, according to data from the United Nations Food and Agriculture Organization — closed its borders in August to Guinea and Liberia. More than 8,000 have been diagnosed with Ebola, and nearly 4,000 have died in those two countries and Sierra Leone. Next to Ivory Coast is Ghana, the world’s third-largest producer of cacao beans — 879,348 metric tons per year — or 15 percent of the world’s total.

 

Tim McCoy, a senior adviser for the WCF, said signs that Ivory Coast residents already are concerned were immediately obvious during his last trip to the country in September.

 

“Going into meetings where … you always shake hands and often times, with men and women, you do the cheek kiss thing … They weren’t doing that,” McCoy said.

*  *  *

So while gas prices fall - providing consumers with modestly more money in their pockets - that other staple of daily life, the chocolate bar, is set to rise and eat through those savings...

 

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Tue, 10/14/2014 - 08:09 | 5327978 HedgeAccordingly
HedgeAccordingly's picture

Perfect.. headed out for a Cafe Mocha .. from 2011http://hedgeaccordingly.com/2011/01/ivory-coast-tension-update-on-cocoa....

Tue, 10/14/2014 - 08:11 | 5327991 TideFighter
TideFighter's picture

I thought Ebola only infected human beans.

Tue, 10/14/2014 - 08:17 | 5328004 negative rates
negative rates's picture

These human thinkers are completely doomed.

Tue, 10/14/2014 - 08:44 | 5328100 Stackers
Stackers's picture

Where's Billy Ray Valentine when you need him !

 

Tue, 10/14/2014 - 08:59 | 5328146 Buster Cherry
Buster Cherry's picture

Where's James Earl Ray when you need him?

Tue, 10/14/2014 - 11:37 | 5328822 EINSILVERGUY
EINSILVERGUY's picture

Thats the last thing we need. This idiot will go down as the worse, don't need some moron making a martyr out of him

Tue, 10/14/2014 - 08:19 | 5328012 Peter Pan
Peter Pan's picture

The new product will be known as Chocobola. Just sniffing it will give you an out of this world experience.

Tue, 10/14/2014 - 08:31 | 5328052 McCormick No. 9
McCormick No. 9's picture

"The new president will be known as Chocobola..." From a lost Bilderberger memo, circa 1963.

Tue, 10/14/2014 - 08:14 | 5327994 monkeyboy
monkeyboy's picture

Nooooooooooooooooooooooooooooooooooooooooooooooooo!!!

Tue, 10/14/2014 - 08:19 | 5328016 kaiserhoff
kaiserhoff's picture

What's next, coffee?

Without caffeine, this country would not be safe for man nor beast.

Tue, 10/14/2014 - 08:28 | 5328038 Croesus
Croesus's picture

Nah, we'll just start getting a chocolate ration, a la 1984. 

Tue, 10/14/2014 - 08:30 | 5328042 StychoKiller
StychoKiller's picture

Praise Allah that coffee also grows in S. America and the Middle East!

Tue, 10/14/2014 - 08:28 | 5328039 StychoKiller
StychoKiller's picture

Sh!t just got real!

Tue, 10/14/2014 - 08:58 | 5328067 The Big Ching-aso
The Big Ching-aso's picture

PMSing women without chocolate. An Extinction Level Event for horny males if I ever saw one.

Tue, 10/14/2014 - 09:06 | 5328159 HardAssets
HardAssets's picture

IMO this latest 'world wide pandemic' is a fraud ( like bird flu, swine flu, HIV/AIDS, etc, etc, etc) but when chocolates at risk . . . The situation is getting serious.

http://jonrappoport.wordpress.com/category/ebola/

Tue, 10/14/2014 - 10:07 | 5328407 medium giraffe
medium giraffe's picture

Go downvoters! Is that you, Nancy Writebol(a)?

Wed, 10/15/2014 - 18:46 | 5337805 MeelionDollerBogus
MeelionDollerBogus's picture

No, it's the smart people like me. You get a downvote for being a retard.

Wed, 10/15/2014 - 18:45 | 5337797 MeelionDollerBogus
MeelionDollerBogus's picture

None of those other things were fake.

Somehow ZH got infected with retards who call out every fact as a hoax. Odd.

Tue, 10/14/2014 - 08:10 | 5327980 GetZeeGold
GetZeeGold's picture

 

 

Lack of chocolate.....elevating estrogen levels.....we're screwed.

Tue, 10/14/2014 - 08:11 | 5327986 SilverIsKing
SilverIsKing's picture

The one thing we won't be is screwed.

Tue, 10/14/2014 - 08:11 | 5327984 TruthTalker
TruthTalker's picture

WATCH THIS
Ebola Hoax: 100% REVEALED! CNN + NYT caught using CRISIS ACTORS! MUST SEE
https://www.youtube.com/watch?v=1ZonCVRQ-2s

Tue, 10/14/2014 - 08:51 | 5328118 McCormick No. 9
McCormick No. 9's picture

I watched the video. I can't say I'm convinced that Ebola is a hoax, but I'm wiling to consider it as a realistic scenario. Too many other hoaxes out there, all tribally perpetrated. Tribal journalists involved with ebola. Just trying to keep an open mind.

Tue, 10/14/2014 - 09:11 | 5328187 Monty Burns
Monty Burns's picture

"Tribal journalists involved with ebola."

You mean there are other kinds of journalists?  Well who'd have thunk?

Tue, 10/14/2014 - 08:12 | 5327992 LostandFound
LostandFound's picture

Now this shit is getting serious......

Tue, 10/14/2014 - 11:05 | 5328677 Kirk2NCC1701
Kirk2NCC1701's picture

And how is Belgium gonna buy all those monthly USTs, if they can't get Cocoa for Chocolates?

Dr. Evel will not be impressed.  Paging Austin Powers, Austin Powers to the Pink Ericsson Courtesy Phone please.

Tue, 10/14/2014 - 08:15 | 5327998 TideFighter
TideFighter's picture

Grande Mocha Ebola, please.

Tue, 10/14/2014 - 08:16 | 5328003 Peter Pan
Peter Pan's picture

They closed their borders in August?
You mean they had more sense than our idiotic western governments who only know how to create deficits and threaten Putin ?

Tue, 10/14/2014 - 08:17 | 5328006 LULZBank
LULZBank's picture

Cocoa beans might be the new vector for ebola.

There goes the Swiss and Belgian exports...

Would you like some ebola chocolate after your Fukushima radioactive fish?

Tue, 10/14/2014 - 08:17 | 5328008 Bangin7GramRocks
Bangin7GramRocks's picture

It's a good thing that the stuff that Americans shovel in their faces is almost all sugar and chemicals. The holiday feeding frenzy will go on unabated!

Tue, 10/14/2014 - 08:19 | 5328010 nightwish
nightwish's picture

How long before Ebola gets in the chocolate? 

Tue, 10/14/2014 - 08:26 | 5328034 Wahooo
Wahooo's picture

Does the process of making a Snickers bar kill the ebola in the chocolate?

Tue, 10/14/2014 - 08:30 | 5328043 Croesus
Croesus's picture

I'm wondering if the CDC will put strict protocols in place for chocolatiers. 

Tue, 10/14/2014 - 08:36 | 5328069 nightwish
nightwish's picture

everything looks like snickers with ebola

Tue, 10/14/2014 - 08:19 | 5328014 Spungo
Spungo's picture

Is it racist if I refer to ebola as Jungle Fever?

Tue, 10/14/2014 - 08:24 | 5328023 Eirik Magnus Larssen
Eirik Magnus Larssen's picture

...

Tue, 10/14/2014 - 08:32 | 5328057 barre-de-rire
barre-de-rire's picture

if ebola could only  be nigger selective, what a dream...

 

africa land for whites only... one day, maybe.

Tue, 10/14/2014 - 09:05 | 5328158 Eirik Magnus Larssen
Eirik Magnus Larssen's picture

Go take your medication.

Tue, 10/14/2014 - 11:09 | 5328697 Kirk2NCC1701
Kirk2NCC1701's picture

When I think of "hot & steamy", it isn't Africa I'm thinking about.

Unless that's her name.  BTW, what street does she live on?  Is she near that Canada guy?

Tue, 10/14/2014 - 09:10 | 5328177 Monty Burns
Monty Burns's picture

Racism is whatever TPTB decide it is.  So be careful.

Tue, 10/14/2014 - 08:21 | 5328020 rachaelsdaad
rachaelsdaad's picture

Just told my Wife; she said the Hell with Silver: stack Chocolate!

Tue, 10/14/2014 - 08:25 | 5328028 MsCreant
MsCreant's picture

Bars, rounds?

Tue, 10/14/2014 - 08:31 | 5328048 StychoKiller
StychoKiller's picture

Bars, definitely bars! :>D

Tue, 10/14/2014 - 08:34 | 5328063 AdvancingTime
AdvancingTime's picture

This is more proof that Ebola has the potential to change life as we know it. I mean everything, and then some!

Tue, 10/14/2014 - 08:25 | 5328030 dontgoforit
dontgoforit's picture

But stay cool.

Tue, 10/14/2014 - 08:31 | 5328051 AdvancingTime
AdvancingTime's picture

You stay cool, we are all doomed!

Tue, 10/14/2014 - 08:30 | 5328046 AdvancingTime
AdvancingTime's picture

This is a nightmare of biblical proportions. Run don't walk to the nearest store panic is in order!

Tue, 10/14/2014 - 08:41 | 5328090 dontgoforit
dontgoforit's picture

Who ya' gonna' call?

Tue, 10/14/2014 - 11:10 | 5328709 Kirk2NCC1701
Kirk2NCC1701's picture

Most ppl won't get your humor, w/o the <sarc> tag.

Tue, 10/14/2014 - 08:27 | 5328033 Intoxicologist
Intoxicologist's picture

I didn't think there was any real chocolate in M&M's, Snickers, or a Butterfinger.

Tue, 10/14/2014 - 08:42 | 5328089 fiftybagger
fiftybagger's picture

Exposing The Ebola Hoax

The Elite's Plan For World Genocide By Vaccine

http://ebolahoax.com/

Tue, 10/14/2014 - 08:45 | 5328105 dontgoforit
dontgoforit's picture

Interesting.  Now get in line and take your medicine!

Tue, 10/14/2014 - 14:46 | 5329797 greenbear
greenbear's picture

You must have taken a good hard look at the linked site in the 3 minutes between the time it was posted and your reply.  You will probably line up to take their Ebola Rabies vaccine.  Good luck, you're gonna need it.

Tue, 10/14/2014 - 18:41 | 5331129 Urban Redneck
Urban Redneck's picture

West Africa isn't some abstract notion to some us. If your only connection to West Africa is through your parents' internet connection a lot things might be seem plausible. However, ebola is no hoax.

Tue, 10/14/2014 - 20:38 | 5331614 greenbear
greenbear's picture

The only people in West Africa who have Ebola are the people who were given vaccines by WHO, Centers For Death Control, the NIH, and Bill Gates.  Now they're blaming every flu-like symptom on Ebola, since they decided to kill large parts of the rest of the world, too. 

Tue, 10/14/2014 - 21:04 | 5331695 Urban Redneck
Urban Redneck's picture

Like I said...

You have a mighty high opinion of the capacities of the WHO, CDC, NIH, and Bill Gates to reach places without roads and people who never visit doctors in order to administer said vaccines.

Tue, 10/14/2014 - 10:05 | 5328391 Tenshin Headache
Tenshin Headache's picture

I suggest that you ring up Doctors Without Borders (MSF) and run your hoax theory by them.

Tue, 10/14/2014 - 16:07 | 5330438 greenbear
greenbear's picture

Are you sure the globalist NGO group, Doctors Without Borders , run by Bernard Kouchner, is totally above board?  Many Africans would disagree with you.  They believe it is a hoax, and they accuse DWB of actually spreading the disease, and they are running the globalist Big Pharma vaccine pimps out of town with machetes.  The people aren't buying their story which is why the government started a public programming campaign called "EBOLA IS REAL!!!".  Do some research.  Or don't DYODD, and continue to spread false information that will hurt anyone who listens to you.

Tue, 10/14/2014 - 12:20 | 5329019 Overflow-admin
Overflow-admin's picture

Exposing Ebola's Plan:

EXTREME AMPLIFICATION

Tue, 10/14/2014 - 08:52 | 5328125 MasterOfTheMult...
Tue, 10/14/2014 - 09:02 | 5328154 Q-Q-Q
Q-Q-Q's picture

WHO release: Pizza and pitta bread given to those diagnosed with ebola.

 

 

 

 

It's the only thing the nurses can get under the door!

Tue, 10/14/2014 - 09:05 | 5328160 Cthonic
Cthonic's picture

Ebola smoothed new case rate (GN, LR†, SL):

 

11 Oct 14 - 158/day

8 Oct 14 - 146/day

7 Oct 14 - 135/day

5 Oct 14 - 131/day

3 Oct 14 - 132/day

Case Fatality Risk Estimate: 57%

Active Case Growth Rate: 4.0% per day

Health worker deaths/cases: 232/401 as of 5 Oct

 

Based on following data and estimates through 11 Oct:

http://www.mohsw.gov.lr/documents/SITRep%20149%20Oct%2011th,%202014.pdf

http://health.gov.sl/wp-content/uploads/2014/10/Ebola-Situation-Report_V...

https://www.internationalsos.com/ebola/index.cfm?content_id=395&language...

http://www.ambafrance-gn.org/Ebola-point-de-situation-au-13,1013

 

† There is substantial under-reporting in the Liberian data.

Tue, 10/14/2014 - 09:06 | 5328164 Monty Burns
Monty Burns's picture

Hitting the supply of chocolate?? For the first time this ebola thing is starting to worry me.

Tue, 10/14/2014 - 09:09 | 5328174 Cthonic
Cthonic's picture

Estimated total cases (GN, LR†, SL):

 

10/15/14 - 10k

11/16/14 - 20k

12/18/14 - 40k

01/19/15 - 80k

Tue, 10/14/2014 - 12:50 | 5329134 Overflow-admin
Overflow-admin's picture

Your estimates look very similar to mine

Projected GROWTH (probable+confirmed) cases | deaths as of 10/8/2014

10/15/14 - 10151  |  4553

11/16/14 - 20363  |  8728

12/18/14 - 40848  |  16731

01/19/15 - 81941  |  32071

f(x)=GROWTH(data[Cases];data[Days];D+K;TRUE)
D=Number of days after start of the outbreak
K=10 (=mean period of incubation?)

Sources:
http://www.who.int/csr/don/archive/disease/ebola/en/
http://www.who.int/csr/disease/ebola/situation-reports/en/
http://office.microsoft.com/en-gb/excel-help/growth-function-HP010342562...

Tue, 10/14/2014 - 11:20 | 5328754 Kirk2NCC1701
Kirk2NCC1701's picture

At the risk of giving a few (many?) ZHers a Math-headache -- no, not a Meth-headache -- try reading up on the math models used in Epidemiology.

There are tons of useful sites, if you begin with a simple word search... e.g. "mathematical models of epidemics".  If you have the time and inclination, have fun making some Excel models.

p.s. It would be useful to hear from Miffed Microbiologist on this.  Miffed, wherefore art thou?

Wed, 10/15/2014 - 00:51 | 5332352 Cthonic
Cthonic's picture

http://www.zerohedge.com/news/2014-09-29/no-america-isnt-communist-its-o...

 

Short term predictions based on iterated, discretized version of the Pearl-Verhulst logistic process fitted to data from past four weeks:

K = 20000000
r = 2.2%/day
where P << K/2

P(n+1) = P(n) * ( 1 + r * ( 1 - ( P(n) / ( K - P(n) ) ) ) )

Results thereof posted earlier.  Graph of same:

http://i.imgur.com/8pOnZzq.png

Tue, 10/14/2014 - 09:10 | 5328185 skbull44
skbull44's picture

Chocolate shortage....first world problems...

 

http://olduvai.ca

Tue, 10/14/2014 - 09:39 | 5328270 therearetoomany...
therearetoomanyidiots's picture

I knew it....Big Chocolate is behind the hype and exploitation by Big Media, at the behest of Big Government, of the ebola outbreak.  

Dammit

 

Edit...not a slam at ZHers....really a comment on how 'they're' all in it together against 'us'.  

 

Lenin seems prescient...."The Capitalists will sell us the rope with which we will hang them"  

 

PS I ain't no commie, but in this case he's right.....even a blind squirrel can find a nut every now and then.

Tue, 10/14/2014 - 09:37 | 5328275 q99x2
q99x2's picture

The President looks like he has ebola.

Tue, 10/14/2014 - 09:42 | 5328299 therearetoomany...
therearetoomanyidiots's picture

The President IS ebola....can't get rid of him, he infects and kills everything he comes in contact with....

Tue, 10/14/2014 - 09:54 | 5328340 yogibear
yogibear's picture

Wait until it's mainstream in the US and Europe. Airlines, trains, restaurants close. 

Tue, 10/14/2014 - 09:55 | 5328342 world_debt_slave
world_debt_slave's picture

glad I got my shipment of 85% Cocoa Bean chocolate imported from England before this mess.

Tue, 10/14/2014 - 10:36 | 5328523 Fix It Again Timmy
Fix It Again Timmy's picture

Prez Barry Chocobama will solve this problem between playing golf and shooting hoops....

For those that think this Ebola thingy is a hoax, bleeding out your eyeballs and your ass is no joke...

While in the tropics, I did not contract a hemorrhagic fever but I did come down with something that made me wish I was dead...

Tue, 10/14/2014 - 10:45 | 5328581 combatsnoopy
Tue, 10/14/2014 - 11:29 | 5328785 MsCreant
MsCreant's picture

If you are going to be insulting, make it funny. The mother's tit sucking thing is stale.

Take some lesson's from that troll that posts a monkey raping a dog as his avatar, you know, the one that pretends to be from India, Bang Galore or something. 

Tue, 10/14/2014 - 11:30 | 5328786 MsCreant
MsCreant's picture

Now, you have been insulted. 

Tue, 10/14/2014 - 11:00 | 5328652 The Phallic Crusader
The Phallic Crusader's picture

apropos of little - that Dallas nurse is incredibly hot...

http://www.sfgate.com/news/texas/article/Doctor-gives-blood-for-Ebola-in...

Tue, 10/14/2014 - 11:19 | 5328742 MsCreant
MsCreant's picture

I would go with "cute" or "adorable." Easy to hate on Duncan, he was a liar who brought the disease with him. This one, us moms can imagine this is our daughter pretty easily, and you males, well...

I now understand your screen name. You could have been a cock chasing female (The woman in the avatar could have been crusading for some phallus). Now I know you to be a cock driven male. I am only a little disappointed. A woman coming on here and acting all predatory towards the men would have been the bomb!

Tue, 10/14/2014 - 11:36 | 5328758 Kirk2NCC1701
Kirk2NCC1701's picture

Who said this?

“I was part of a ten-person team at a Human Genome Project that weaponized diseases to fight weaponized diseases.  Pathogenic micro-organisms fought pathogenic micro-organisms: Fight fire with fire.  Interdepartmental drinks were held, relationships made, information shared.  I’m keenly aware of all the details behind the fail-safe delivery systems to kill every living person on this planet.  I believe that with a little tweaking of the terminals in DC we can flip the Script.”

I'm not saying that this is the case, but (knowing governments, the MIC and the Pharma industry) it is not outside the realm of Probability (not just mere Possibility) that this was a Field Trial that became a tad too successful (an accident), or was a deliberate event by one of the very few countries who have the Bio-Tech to mess with this type of virus.

Alternatively, "not letting a good crisis go to waste" (Rahm Emmanuel's advice to Obama a few years ago), human nature being what it is, it is also not outside the realm of Probability that some Jihadist terror group decides/decided to have some infected people fly to the US, the EU or to Israel -- before they start showing symptoms -- and become quite literally The Walking Dead.

Tue, 10/14/2014 - 11:42 | 5328854 EINSILVERGUY
EINSILVERGUY's picture

I thought the whole dramatic lead up to him saying this was a little lame.  vague referecnes without really saying anything. Maybe they are just laying the thread. WD

Tue, 10/14/2014 - 11:32 | 5328803 MansaMusa
MansaMusa's picture

Stacking Hershey Kisses bitchezzz!

Tue, 10/14/2014 - 11:36 | 5328819 MsCreant
MsCreant's picture

Do those have chocolate in them?

Don't stack too well. 

Tue, 10/14/2014 - 12:07 | 5328966 1stepcloser
1stepcloser's picture

Here comes the squalene with a kiss

Tue, 10/14/2014 - 12:12 | 5328991 TalkToLind
TalkToLind's picture

If this doesn't create wide scale panic, nothing will!  Those gubermit fuckers are sneaky.

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