Global Chocolate Crisis Looms
greg1usa | November 9, 2010 at 09:53 pmby
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AOL News has reported that there is a global shortage of Cocoa, which could spell the end for reasonably priced chocolate and In 20 years chocolate will be like caviar!
"In 20 years chocolate will be like caviar," John Mason, executive director of the Ghana-based Nature Conservation Research Council, told Britain's Independent. "It will become so rare and so expensive that the average Joe just won't be able to afford it."
Cocoa crops take 3 to 5 years to cultivate and many farmers, who are from poorer nations where the bean is grown, simply can not afford to wait 3 to 5 years for a crop to be ready. That and over cultivation in places like Ghana have depleted the soil to such an extent that returns are diminishing every year.
As chocolate consumption continues to grow and Cocoa supplies dwindle it will only be a matter of time before the law of economics take over.
In 2008, chocolate price increases made it so that Hershey's new, cheaper recipes couldn't even be legally called chocolate.
So if things continue at the rate they are, Chocolate, real chocolate that is will be the caviar of the future. Does that mean Willy Wonka will have to lay off the Umpa Lumpa's?
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First Flagged at 10:05 PM, Nov 9, 2010 by Anonymous (not verified)