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alphacyberranger to World News@lemmy.worldEnglish • 1 year ago

Cocoa Is More Expensive Than Copper as It Tops $9,000

www.bloomberg.com

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Cocoa Is More Expensive Than Copper as It Tops $9,000

www.bloomberg.com

alphacyberranger to World News@lemmy.worldEnglish • 1 year ago
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Cocoa extended its surge — gaining more than $700 per ton in a single day and surpassing $9,000 for the first time ever — as a supply crunch grips the market and chocolate makers grapple for beans.
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  • @afraid_of_zombies@lemmy.world
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    31•
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    1 year ago

    Ok billion dollar idea: selectively breed yeast until it can make it. I leave the details as an exercise for the reader.

    • @Unpigged@lemmy.dbzer0.com
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      4•1 year ago

      Yes, let’s use AI!

      • @afraid_of_zombies@lemmy.world
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        3•1 year ago

        And blockchain

        • @k110111@feddit.de
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          3•1 year ago

          Woah woah, we don’t want to overproduce it

    • Liz
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      6•1 year ago

      Cocoa isn’t a single compound, if you extracted the pure chemical everyone claims is chocolate, you’d be very disappointed. Your goal is still theoretically possible, just a lot harder than the usual yeast and E. Coli synthesis targets.

      • @afraid_of_zombies@lemmy.world
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        9•1 year ago

        Would it help you solve the problem if I acted like one of those tech “visionaries” fired half your coworkers, posted problematic stuff on social media, stole your credit, worked you to the bone, and then micromanaged your output at the last moment?

        Cause I am just saying I already own a black turtleneck and wear glasses.

        • Liz
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          3•1 year ago

          It’s certainly worth trying!

          • @afraid_of_zombies@lemmy.world
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            1•1 year ago

            That’s the kinda synergy team player attitude I like. I will have a temp worker contact you about onboarding after the first round of venture funding. Thinking a billion.

  • @diamonddust1@lemmy.dbzer0.com
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    3•1 year ago

    not forget the $8.7 Billion hedge fund pumped in https://www.ft.com/content/563227fe-edfb-40bd-bea9-dc2822ba4f27

  • @Mango@lemmy.world
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    21•1 year ago

    Yes, but also copper tastes terrible.

    • @BigBananaDealer@lemm.ee
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      7•1 year ago

      thats your opinion not the rest of us

      • @lemmytry@lemmy.world
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        2•1 year ago

        yes, I love the taste of pig

  • @werefreeatlast@lemmy.world
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    2•1 year ago

    And I drive the baddest Prius out there! My Prius does 5billion in just 3!

  • @RememberTheApollo_@lemmy.world
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    28•1 year ago

    Try Cardamom. That stuff is getting ridiculous, ~$20 for a small standard grocery store spice rack jar. Apparently climate change is affecting the production. I was making some Indian food and ran out, went to the store and was shocked at the sticker price. A quick calculation seems that it’s about $15,500/US ton, ~50¢/oz bulk market cost, whole allspice.

    • Thassodar
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      5•1 year ago

      What common recipes use cardamom? I haven’t made anything that uses it.

      • @Corkyskog@sh.itjust.works
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        2•1 year ago

        Cardamom carrots are really good.

      • @afraid_of_zombies@lemmy.world
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        4•1 year ago

        Indian food. Rajma and naan is how I survived uni and it uses a fair amount.

      • @Forne@lemmy.world
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        1•1 year ago

        I add it to rice every time I cook. 4~6 capsules per batch for 3-4 people.

      • @AFaithfulNihilist@lemmy.world
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        8•1 year ago

        I put it on a lot of things sweet and savory alike. It goes with the rosemary, pepper, salt and coriander when I roast potatoes. It also goes into snickerdoodles or a half dozen different kinds of cake. It also makes a really good additive to soap if you make your own soap.

        It’s such an underappreciated spice, at least in the US where nobody seems to know what’s going on despite enjoying the food.

        The only time people don’t question what the flavor is, is when I make Indian food.

        • @Buddahriffic@lemmy.world
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          1•1 year ago

          Is it the one that smells like fruit loops?

      • @Daxtron2@startrek.website
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        3•1 year ago

        Many Indian recipes

      • @RememberTheApollo_@lemmy.world
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        7•1 year ago

        The Basmati rice recipe I was making called for it. Might have been another dish, but I forget.

      • @phdepressed@sh.itjust.works
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        6•1 year ago

        Cardamom is a pretty common spice in Chai. It is also used in certain styles of biryani and various curries. Various indian sweets can also contain it. The Swedes apparently use it in cakes and pastries.

      • @PumaStoleMyBluff@lemmy.world
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        1•1 year ago

        Swedish cardamom rolls (like cinnamon rolls but way better)

      • @aggelalex@lemmy.world
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        2•
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        1 year ago

        Semlor!

  • @MyNamesNotRobert@lemmynsfw.com
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    13•
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    1 year ago

    Fine, I’ll put copper in my coffee since it’s cheaper.

    • @ColeSloth@discuss.tchncs.de
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      4•1 year ago

      But you can’t afford the coffee now, either.

      You notice the bags of coffee beans went from 16oz bags for around $10 five years ago to now 10oz and 11 oz bags for $12?

    • @SkybreakerEngineer@lemmy.world
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      6•1 year ago

      Emotional allomancers hate this one weird trick

  • @trslim@pawb.social
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    3•1 year ago

    I’d be ok if we ditched chocolate as a society.

  • @SuperSpruce@lemmy.zip
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    3•1 year ago

    So this is why a candy bar is now $2.69?

    I used to buy chocolate candy all the time but they’ve seemed to double in price in 10 years, so I turned to pretzels instead, which are still cheap

    • @Ashe@lemmy.blahaj.zone
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      7•1 year ago

      Overlooking the whole child slave labor thing, yeah I suppose so

  • @nonailsleft@lemm.ee
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    3•1 year ago

    Coppr can go succ it if wants more of my money

  • Echo Dot
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    11•1 year ago

    Yeah but it makes rubbish wiring.

  • locke
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    22•1 year ago

    Time to start drinking copper

    • @blackluster117@possumpat.io
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      21•1 year ago

      And stealing chocolate from the walls at construction sites.

    • @zabadoh@ani.social
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      3•1 year ago

      I prefer my copper with a teaspoon of microplastics.

  • @jordanlund@lemmy.worldM
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    22•1 year ago

    $9,000 per metric ton. So… $0.2551 per ounce. :)

    Copper is $8,300 per metric ton or $0.2353 per ounce.

    And yeah, 35,274 ounces in a metric ton. :)

    • @Diplomjodler@feddit.de
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      24•1 year ago

      How much is that in football fields?

      • InvestBurnout
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        26•1 year ago

        About 10 screaming eagles per 5.72

      • @jordanlund@lemmy.worldM
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        7•1 year ago

        A football field is 57,600 square feet, so if you took 35,274 ounces of cocoa and spread it over 57,600 square feet, you’d get 0.6124 ounces per square foot.

        • Rob Bos
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          3•1 year ago

          You would also ruin the cocoa.

      • @Viking_Hippie@lemmy.world
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        5•1 year ago

        And how many cubic Smoots?

        • @xmunk@sh.itjust.works
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          6•1 year ago

          A friend of mine growing up was a Smoot, it was always fun walking across the bridge. The numbers are regularly repainted and the repainting was also done by the city when resurfacing the bridge in the 80s… lastly it can’t be understated how hilarious it is that the man who was a measurement went on to be a chairman of ANSI and president of the ISO.

        • @blackluster117@possumpat.io
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          4•1 year ago

          You just learned me something. Thanks for posting this.

          • @Viking_Hippie@lemmy.world
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            4•1 year ago

            My pleasure 😁

    • redjard
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      23•1 year ago

      $9,000 per metric ton. So 9$ per kg.
      Copper is $8.3 per kg.

      Thank you metric for not being a pain in the ass

  • @huginn@feddit.it
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    43•1 year ago

    Headline should be: copper cheaper than you thought

    Cocoa being more expensive might be better paid workers and better living standards right?

    • @Rai@lemmy.dbzer0.com
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      10•1 year ago

      I was stunned at how cheap copper is after being linked BigStackD on YouTube and watching him melt copper into a bunch of copper bars that ended up totaling like 35USD

    • ☂️-
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      29•
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      1 month ago

      deleted by creator

    • @Dudewitbow@lemmy.zip
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      2•1 year ago

      copper in the context of itself is actually pretty cheap. the problem copper has is that copper is reletively expensive when compared to other common metals, hence why in some industries, copper usage is being cut back more (e.g heatsinks, as copper is commonly used for its great heat transfer coefficient, but reletively speaking, is more expensive than aluminum, while cheaper and lighter, doesnt conduct heat as well as copper)

  • @Linkerbaan@lemmy.world
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    88•1 year ago

    Which means they are paying those plantation workers fair wages now

    Right…

    • @FiniteBanjo@lemmy.today
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      9•1 year ago

  • @chalupapocalypse@lemmy.world
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    77•1 year ago

    Great now they are going to start stealing all the cocoa out of new construction

    • @werefreeatlast@lemmy.world
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      24•1 year ago

      Where would they even sell it? The cocoa recycling centers won’t take any cocoa without a wrapper and a receipt!

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