Over the next couple of years, chocolate prices could most likely soar due to a predicted cocoa bean shortage.
Since 2011, the number of certified fair trade cocoa farmers has been significantly depleting in the Ivory coast, where 40% of the world's cocoa beans are grown.To make things worse, the West African supply is declining as well.
With a lack of farmers, a lack of supply, and an increase in demand, chocolate 'droughts' were predicted to be happening between 2013-2014; in other words, incredibly soon.
What exactly does all of this mean? Chocolate prices will soon be skyrocketed, with very little hope of it ever returning. Ladies, I highly recommend you get out there on your next paycheck and stock up on your favorite kinds of chocolate products; if not, you may need to reach for a tub or box of something else if you are ever having one of those days...
Good Luck!
Source(s):
http://www.fdin.org.uk/2011/02/experts-predict-chocolate-shortage-by-2014/
http://www.bloomberg.com/news/2012-11-13/chocolate-rush-hits-record-as-cocoa-shortages-loom-commodities.html
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