I just got turned on to cacao nibs & went shopping on the net to buy them in "bulk" for baking. I was stunned at the price. For example, on the Scharffenberger site, a 6-oz. bag of nibs is $8.00, while a 9.7-oz bar of their chocolate for baking (semisweet, bittersweet or unsweetened) is $9. If I'm doing the math right, that's @ $1.30/oz. for the nibs and $0.92/oz. for the processed chocolate.
As I understand it, the nibs are just broken up roasted cacao beans -- chocolate in its nearly elemental state before blending, molding and packaging. So why are they so much more expensive than the processed product? That's like paying $20.00/lb. for raw coffee beans.
Am I missing something?