Some Very Bad News For Chocolate Lovers
Experts have sent shivers down the spines of chocolate lovers by predicting a shortage by the year 2020. The Switzerland-based Barry Callebaut Group has joined a host of other industry experts in expressing concerns about “a potential cocoa shortage.”
We are eating more chocolate than ever, with demand in Asia in particular increasing rapidly (10% in the last year). The predicted shortfall and increase in demand has already led to a 25% increase on the price of cocoa over the past 12 months.
The latest warnings come after Mars Inc initially voiced concerns. Fiona Dawson, the then-UK president of Mars chocolate, warned in 2012 that the global cocoa sector “may suffer a 1 million tonne shortage by 2020 because of the increasing economic and environmental pressures on cocoa farms”, adding: “It’s just not sustainable.”
Some surprising news events have a hand in the price, including the Ebola outbreak. Because 70 per cent of the world’s cocoa comes from West Africa, chaos and quarantine restrictions mean global production has dipped by 0.7 per cent.
Whilst the rise in prices and shortage in cocoa are both pieces of bad news, it does at least go some of the way to explaining the price of a Freddo nowadays.
While we are on the subject of Chocolate, we strongly recommend you watch this chocolate commercial from Danish TV…