Tuesday, January 06, 2009

Coffee and Chocolate Holding Up in Down Economy

By Martin Zimmerman, Los Angeles Times 

In the United States, the true comfort foods are chocolate and coffee -which may provide relief for investors battered by plummeting prices for oil, gold, wheat and other products.

The prices of most commodities have tumbled this year as recession has spread around the globe, hammering consumer demand for the raw materials that go into a loaf of bread, your car’s gas tank and much more.

But cocoa and, to an extent, coffee have bucked that trend, and some analysts think they can keep doing so.

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