Lots More on the Parabolic Surge in Cocoa Prices
Odd Lots
Bloomberg
4.5 • 2K Ratings
🗓️ 29 March 2024
⏱️ 26 minutes
🧾️ Download transcript
Summary
The cost of cocoa beans has surged to a record $10,000 per metric ton. That's expected to make chocolate more expensive for millions of confectionary fans around the world. But why have prices more than doubled in the past few months alone? And what could halt the surge? We speak with Bloomberg Opinion columnist and Odd Lots favorite Javier Blas. He describes how a combination of chronic underinvestment in cocoa supply has run head first into financial markets to squeeze prices higher.
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| 0:00.0 | Financial Services firms are choosing between build and buy for Gen AI in the tax function. |
| 0:05.8 | Here are some thoughts from EY and real-time insights. |
| 0:09.2 | I think the biggest question for our clients is a build versus by conversation is as we talked about |
| 0:13.4 | there's going to be a need to up scale that cost money there's a need for tax |
| 0:15.9 | talent that's hard to find in the marketplace and technology budgets restrained |
| 0:19.0 | everywhere and so our clients have to decide are they going to go it alone to build |
| 0:21.9 | tax models or they're going to go it alone to build tax models or |
| 0:22.8 | they're going to leave it on a third-party provider that has scale and |
| 0:24.9 | investment to leverage that investment going forward. Learn more at EY.com. |
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