What is your source for cocoa being 40% of COGS for a typical chocolate manufacturer, please? I guess it could be cross checked (well as a % retail price) with typical grams of cocoa per 100g of finished product, then making assumptions about the commodity cost vs the shipping / processing / etc costs from your “piece of the chocolate bar” image or from Barry Callebaut’s numbers.
Thank you Michael.
What is your source for cocoa being 40% of COGS for a typical chocolate manufacturer, please? I guess it could be cross checked (well as a % retail price) with typical grams of cocoa per 100g of finished product, then making assumptions about the commodity cost vs the shipping / processing / etc costs from your “piece of the chocolate bar” image or from Barry Callebaut’s numbers.