Expert said that chocolate producers were facing “one of the biggest challenges to hit the industry in recent history”. This caveat fears that the globe's sustainable cocoa supplies could be exhausted by 2014.
The world faces a chocolate ‘drought’ over the next few years, says British chocolatier Angus Kennedy. Political unrest in the Ivory Coast, the source of almost half the world's cocoa beans, has depleted the number of cocoa farmers there. There are many situations that are already affecting chocolate manufacturers like; many have fled the West African country and Fair-trade training programmes have ground to a halt because of the danger farmers face in rural areas. Chocolate makers are now facing the highest cocoa prices for more than 30 years.Prices jumped by 10 per cent this month alone. Analysts are predicting they could soon hit $3,720 per metric tons - a level last seen in January 1979.