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For those who do not know, the futures price of cocoa butter and cocoa powder is determined by multiplying the bean price by a ratio.

The combined butter and powder ratio has tended to be around 3.5. If the combined ratio falls below around 3.2, production ceases to be economically viable and some factories cease extraction of butter and powder and trade exclusively in cocoa liquor.


The formula:
(price of cocoa butter / price of cocoa beans) + (price of cocoa powder / price of cocoa beans)

So just find those 3 prices and you have the answer.

Cocoa bean prices: http://www.indexmundi.com/commodities/?commodity=cocoa-beans

14 years ago. Rating: 0
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