I'm not a chocolate lover so this isn't the end of the world for me, but if you L*O*V*E chocolate;
The $11 chocolate bar?
A tough growing environment in Africa has led some cocoa farmers to drop their crops -- spurring predictions of a world shortage.
Posted by Kim Peterson Wednesday, November 10, 2010 12:16:49 PM
Time to start hoarding Hershey's (HSY)? Some experts in the cocoa industry say that the world could run out of affordable chocolate within 20 years, according to The Independent.Cocoa is headed for a shortage, they say, and eventually a single chocolate bar could cost $11 on average. The price of cocoa has already shot to an all-time high lately."In 20 years chocolate will be like caviar," said a conservation researcher in Ghana, a hot spot for cocoa production. "It will become so rare and so expensive that the average Joe just won't be able to afford it."The problem is that it's becoming too difficult to farm cocoa in traditional fields in Africa. The soil is depleted of nutrients, one expert says, and a labor shortage is hurting production. That's affecting cocoa crops on the continent, although cocoa can still be grown in South America, the Caribbean and Asia.
Oh wait...I love chocolate cake and chocolate frosting. Oh no!
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