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Don’t Panic, but We Could Be Running Out of Chocolate

Monday, November 17, 2014 14:48

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Global demand for chocolate is outpacing the rate of cocoa production. By 2020, the world could see a chocolate deficit of 1m tonnes

by Lauren Davidson
Telegraph.co.uk

The world could be running out of chocolate, leading confectioners have warned, as soaring demand continues to outpace the lagging rate of production, pushing up the price of chocolate.

Barry Callebaut, the world’s largest chocolate manufacturer, is the latest candy giant to express concerns of rising prices and a global cocoa shortage by 2020.

In its annual results, the Zurich-based company said that growing demand had led it to sell 1.72m tonnes of chocolate in the year to August 31, an 11.8pc increase on the 1.54m tonnes sold in the previous year.

This demand, along with a combination of bad weather, Ebola fears and a crop disease, drove cocoa prices up by 25pc from £1,600 per tonne to more than £2,000 per tonne.

Continue Reading at Telegraph.co.uk…

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