Cocoa And Chocolate
The Tree, The Bean The Beverage

MANUFACTURE OF COCOA AND CHOCOLATE 123 chocolates rieh in cacao butter, and also for milk chocolate, cacao butter, the by-product of the cocOa industry, has become the life fluid of the chocolate industry. The surplus of the one is a necessity of the other, so that while the manufacturer sets out to make cocoa, the demand for cacao butter is such that the accessory product may obtain the higher price. Cacao butter is the most expensive of the vegetable fats that are of commercial importance. Below will be found the Wholesale price for the last five years, together with the quantities imported into England. Holland, with its important cocoa factories, is the principal exporting country. CACAO BUTTER Year. Exported from Holland. Imported into United Kingdom Wholesale Price per Ib. Prime English. Duty paid. Delivered. Tons. Tons. s. d. 1918 268 188 1 5f 1919 2,177 1,445 2 2| 1920 5,260 909 2 3 1921 5,824 286 1 7i 1922 8,747 1,216 1 An important cacao butter auction is held at Amsterdam. There were no sales in 1918 or 1919. The following table shows the average Wholesale prices, 1920 to 1922. AVERAGE PRICE OF DUTCH CACAO BUTTER Net f.o.b. Amsterdam. Year. Van Houten " A.” Van Houten " B.” Per Ib. Per Ib. s. d. s. d. 1920 2 2} 2 1 1921 1 5f 1 3J 1922 1 3i 1 2?