Expert: World will run out of chocolate in a few years
(January 28th, 2011 @ 12:06pm)
If you're a chocoholic, you better start stocking up on chocolate. One expert says there will be a worldwide chocolate drought in the next few years.
Angus Kennedy, a leading British chocolatier, told The Daily Mail that he believes the chocolate industry is facing a crisis.
Sustainable cocoa could be completely depleted by 2014, Kennedy estimates.
Political unrest in the Ivory Coast seems to be the cause of the potential drought.
The Ivory Coast grows 40 percent of the world's cocoa beans.
Cocoa traders are reluctant to visit the small African country because it's so dangerous.
'So in effect, its sustainability is not sustainable. Prices can't go up as it's reported because there basically isn't enough certified cocoa left to sell.'
Only 10 percent of the world's cocoa producers have been certified as sustainable fair-trade producers.
Many certified farmers are fleeing the Ivory Coast and it takes up to three years to find a replacement.
Kennedy says that the diminishing supply of sustainable cocoa could lead to a chocolate war.
'Things could get nasty now as producers start to fight over the last stocks,' he added.