Mars, Nestlé, and Hershey—some of the world’s biggest chocolate manufacturers—have made several pledges to eradicate child labor in cocoa farming over the last two decades, but haven’t reached their targets. Given the scale of these new numbers—how can we relate them back to the more conventional numbers and figures that we may be more familiar with? Some exchanges do include companies from outside the country where the exchange is located. Visualizing All of Earth’s Satellites: Who Owns Our Orbit? Gold producers outperformed the commodity market, the value of their equities increased 69.61%—less than half of that of exploration companies. Join the 200,000+ subscribers who receive our daily email, Here’s What Happens Every Minute on the Internet in 2020, Ranked: The Most Popular Websites Since 1993, 29 Psychological Tricks To Make You Buy More, The $88 Trillion World Economy in One Chart. While these initiatives have had some positive impacts, more still needs to be done to successfully eradicate large-scale child labor and poverty of those involved in cocoa’s bittersweet supply chain. These regions host the biggest cocoa exporters by value. Some of the world’s most famous and largest companies of the world. Without farmers, both the cocoa and chocolate industries are likely to suffer from shortages, with domino effects on higher overall costs. Oops. It’s a subtle difference that manifests itself in a big way numerically. Finally, it comes as no surprise that the biggest importers of cocoa beans are among the biggest chocolate exporters. As a result, the equatorial regions of Africa, Central and South America, and Asia are optimal for cocoa farming. Belgium is another key nation in the supply chain, importing cocoa beans from producing countries and exporting them across Europe. Volatile Returns: Commodity Investing Through Miners and Explorers, How Total Spend by U.S. But during bad times, it can turn ugly. Let’s dive into how investors can use this leverage to their advantage with volatile metal prices. Precious Metals Production, Visualizing How the Pandemic is Impacting American Wallets, The World’s Gold and Silver Coin Production vs. Money Creation, Visualizing U.S. Money Supply vs. Notional value represents the position or obligation of the contract (i.e. India - $2.08 trillion 7. Before the financial crisis, the Shiller PE of Russian equity market was over twenty but has been lower than ten since 2009. Given email address is already subscribed, thank you! When it comes to commodity investing, targeting miners and mineral exploration companies presents fundamental benefits and drawbacks. The World Bank has established the threshold for extreme poverty at $1.90/day. At the lower end? Alternatively, if you’re contrasting this unit to numbers found within Corporate America, there are useful comparisons there as well. Yet, many cocoa farmers make less than $1/day. Mining equities tend to outperform underlying commodity prices during bull markets, while underperforming during bear markets. So where exactly does all this cocoa come from? Due to the complex production processes of commodities, unexpected demand shocks are met with slower supply responses. But even during a bear market, a discovery can make all the difference—as was the case for producer Wesdome Gold Mines, generating a 109.95% return over 2018. For mining exploration companies, these effects are even more pronounced—exploration companies are high-risk but can offer high-reward when it comes to commodity investing. Farmers are often unable to bear the costs of cocoa farming as a result of low incomes. Although the majority of exporters come from equatorial regions, Belgium stands out in fifth place. The development of an economy's financial markets is closely related to its overall development. Growing cocoa has specific temperature, water, and humidity requirements. Our visualization lays out the equity value for each stock market by country. While the end product is something most of us enjoy, this also comes with a human cost. The CAPE of S&P 500 is currently (1/29/2020) 31.30, making the US stock market clearly the most expensive among the largest economies.