Article pertaining to a change in the supply demand,pricing of a Essay

Article pertaining to a change in the supply demand,pricing of a particular product or service - Essay ExampleDuring the height of conflict in January 2003, the price of cocoa on world commodity exchanges more than doubled surpassing $2,700 a ton. While it has fallen back to about $1,700 a ton now that a tentative peacefulness prevails, it remains historically high. (Cocoa was trading for about $1,000 a ton before the outbreak of the war).Chocolate companies let already passed some of the added cost to the consumers. In 2003, Nestle increased its coffee prices by 10% duration Hersheys and Mars raised the wholesale price of some of their most popular candy exclude y a similar amount. Swiss chocolate maker, Lindt, Kelloggs Keebler, and Krafts Nabisco have in addition raised prices.The war has also set back attempts by the worlds large chocolate companies to curb the use of child labor and help improve the lives of the people in the off-white sailplaning by teaching them new fa rming techniques and business practices.Worse still for the Ivory Coast, where the incomes of six one million million people about 35% of the population are linked to cocoa farming, is that chocolate companies may flummox rethinking their reliance on the country amid fears of continuing policy-making instability.If things dont improve, says Anne Prendergast, an analyst with the commodities trading mansion Refco in New York, over the next five years one may see a gradual erosion of production from the Ivory Coast.In the succeeding weeks the rebels and the government have made feeler toward peace. The next several months are critical. If the Ivory Coast can begin to mend its shredded political and social fabric, it may be able to undo the damage already don to its cocoa economy. save if unrest continues, the situation could become dire for both the countrys cocoa farmers and the worlds chocolate companies.The war turned any of the major cocoa centers in the western part of the Ivory Coast in the battlefields. Farmers abandoned