This Is How The Chocolate Market Actually Works

Odd Lots

Bloomberg

News, Investing, Business, News Commentary, Business News

4.4 • 1.6K Ratings

🗓️ 4 June 2018

⏱️ 38 minutes

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Summary

When you're eating a chocolate bar, there's a good chance you're not thinking about the complex commodity market that allows cocoa beans to make it into a tasty snack. But obviously cocoa trading is a huge business. On this week's Odd Lots podcast, we speak to professor Kristy Leissle, the author of the book “Cocoa,” about how this commodity market really works. She explains to us where it's grown, how pricing's determined, and the role of the major confectionery buyers in this market.

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Transcript

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0:00.0	Thought Creators, the Podcast for Financial Experts, brought to you by FAB.
0:08.0	My guest today is Sarah Piersada Osmani, head of Sustainable Asset and Project Finance at
0:13.4	FAB.
0:14.4	FAB has committed to lend, arrange and facilitate up to US dollar 75 billion of
0:20.2	sustainable finance by 2030.
0:23.0	Plot Creators.
0:25.0	The Podcast for Financial Experts brought to you by FAB.
0:29.0	With Bloomberg, you get the story behind the story, the story behind the global birth rate,
0:34.8	behind your EV battery's environmental impact, behind sand.
0:38.4	Yeah, sand, you get context.
0:40.8	And context changes everything.
0:42.6	go to bloom.com to get context. Hello and I'm Tracy Allaway. You know Tracy, there's some commodities out there.
0:55.0	I'm Joe Wiesenthal.
0:59.0	And I'm Tracy Allaway. You know Tracy, there's some commodities out there that I feel like when people talk
1:08.2	about them, they don't always take them very seriously as commodities as serious markets.
1:17.0	I'm trying to think now, live hogs maybe?
1:21.0	Well that's probably one. Another one I would say is the marijuana
1:25.4	industry still you know, but no we're going to be talking about another
1:28.8	commodity about which I feel like people often like to make jokes or maybe don't realize is very serious
1:36.5	business and that is cocoa.
1:39.6	Cocoa.
1:40.5	I love chocolate. Yeah, exactly, see.
	...

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