13 Dec '11, 2pm

Worldwide cocoa shortage to send chocolate prices soaring - Yahoo! via @yahoosg

Worldwide cocoa shortage to send chocolate prices soaring - Yahoo! via @yahoosg

Make the most of your chocolate treats this Christmas and start stock-pilling those Celebrations tins, they may not be around for much longer as experts predict that a cocoa crisis is imminent. We will have a million-ton cocoa shortage within eight years, forcing the price of chocolate to rise significantly. Industry insiders say the growing demand for chocolate in areas where it wasn’t previously popular means cocoa farmers need an area the size of the Ivory Coast to produce more cocoa. Angus Kennedy , a leading British chocolatier, told The Express: “Part of the problem is the growing demand for chocolate in Asia where countries such as China are turning more towards Western tastes.” If they do not receive more help to boost cocoa bean crops, prices will push chocolate into a delicacy price bracket and we will be forced to find less appealing chocolate substitutes in the...

Full article: http://sg.news.yahoo.com/worldwide-cocoa-shortage-to-send...

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