Are we losing chocolate?

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As a result of increasingly higher demand, the world could be left without cocoa within the next seven years. The reason for this is a lack of plantations of cacao tree which could satisfy the demand of the chocolate industry.

According to the Figaro magazine, the price of cocoa has increased for 9% since the beginning of the year, and even 40% during the last year, due to increasingly higher demand which the producers cannot satisfy.

According to the Wall Street Journal, the demand for chocolate in the world is constantly growing, as a result of increased growth of consumers from the developing countries. By the way, in 2013, it was for the first time that more than 4 millions of tons of cocoa were consumed in the world, which is 32% more than 10 years ago.

The cocoa picking is mainly performed at small independent farms, of which majority is located in western Africa, and whose owners do not have funds to invest into improvement of productivity.

Besides, it takes ten years to have the first fruits from new plantations of cocoa tree.

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