Global chocolate deficit, game over fatties

[unit321]

...Chocolate deficits, whereby farmers produce less cocoa than the world eats, are becoming the norm. Already, we are in the midst of what could be the longest streak of consecutive chocolate deficits in more than 50 years. It also looks like deficits aren't just carrying over from year-to-year—the industry expects them to grow. Last year, the world ate roughly 70,000 metric tons more cocoa than it produced. By 2020, the two chocolate-makers warn that that number could swell to 1 million metric tons, a more than 14-fold increase; by 2030, they think the deficit could reach 2 million metric tons.
The problem is, for one, a supply issue. Dry weather in West Africa (specifically in the Ivory Coast and Ghana, where more than 70 percent of the world's cocoa is produced) has greatly decreased production in the region. A nasty fungal disease known as frosty pod hasn't helped either. The International Cocoa Organization estimates it has wiped out between 30 percent and 40 percent of global coca production. Because of all this, cocoa farming has proven a particularly tough business, and many farmers have shifted to more profitable crops, like corn, as a result.
Then there's the world's insatiable appetite for chocolate. ...


http://www.msn.com/en-us/news/world...-out-of-chocolate/ar-BBdUsYL?ocid=mailsignout


I love chocolate. We got to reduce the demand or increase the supply.

 

[无名的]

Peak chocolate

 

[ellessij]

So what are we going to do that time of the month!

If we don't have chocolate, we get mean. Men know that, they will increase the supply to suppress the crazy.

 

[DEAD7]

 

[MeachTheMonster]

So what are we going to do that time of the month!

If we don't have chocolate, we get mean. Men know that, they will increase the supply to suppress the crazy.

Thought it was just me. Keep a Reese cup on deck for my wife's attitude during that time.

She hasn't figured me out yet, she thinks I'm just being nice.

 

[unit321]

Five years from now, peeps will be saying, "Back in my day, we used to get chocolate during Halloween." Mark my words.

 

[Futuristic Eskimo]

How the fukk can the world eat more chocolate than it produces though

 

[Chief]

How the fukk can the world eat more chocolate than it produces though

That strategic Cocoa reserve

 

[Futuristic Eskimo]

That strategic Cocoa reserve

 

[unit321]

How the fukk can the world eat more chocolate than it produces though

The years when there is more cocoa supply than cocoa demand, the surplus is stored. During times of cocoa deficit, they start using up the surplus.

 

[Futuristic Eskimo]

The years when there is more cocoa supply than cocoa demand, the surplus is stored. During times of cocoa deficit, they start using up the surplus.

How much cocoa is there stored? It says the deficit will be 2 million metric tons by 2030. That surplus won't be exhausted by then?

Im intrigued. Good post.

 

[unit321]

How much cocoa is there stored? It says the deficit will be 2 million metric tons by 2030. That surplus won't be exhausted by then?

Im intrigued. Good post.

I don't know. I just eat it.

 

[Brown_Pride]

I don't know. I just eat it.

exactly. As far as i'm concerned that shyt is magic and just happens. I stopped by a 7-11 on my way to work this morning and they weren't hurting for chocolate.

Something tells me this is all part of the De Beers group moving in on the chocolate game. Mark my words another 20 years and you'll be proposing with a 5k diamond ring and a 2k box of chocolates.

 

[mbewane]

How does one function without chocolate

 

[unit321]

exactly. As far as i'm concerned that shyt is magic and just happens. I stopped by a 7-11 on my way to work this morning and they weren't hurting for chocolate.

Something tells me this is all part of the De Beers group moving in on the chocolate game. Mark my words another 20 years and you'll be proposing with a 5k diamond ring and a 2k box of chocolates.

I think they are still "floating" on previous years surpluses. Once that is depleted, you are going to see one of two things. 1. Increase in price for the same size chocolate bar. or 2. Same price for a smaller chocolate bar. My guess is number two because that's what they've been doing to us, the American people. Hershey's have slimmed down the size of the chocolate bar in length, width and height. It's all minor percentages so you don't perceive it as a smaller bar. They aren't letting people ride the Hershey highway for free anymore....