World chocolate shortage, especially after the world consumed nearly 70,000 metric tons more cocoa than what was produced. Now, Barry Callebaut and Mars, Inc., two of the world's biggest manufacturers of chocolate treats, have warned that the consumption over production number of 2020 could increase to 1 million metric tons.
If the statistics are accurate, then that would reflect a 14-fold bump. Eventually, chocolate will become a deficit with farmers producing less cocoa than the amount that the chocoholics demand. Sadly for chocolate lovers, it looks like chocolate shortage will become a norm in a few years.
The world could be in what is referred to as "the longest streak of consecutive chocolate deficits in more than 50 years." Plus, analysts have gathered that things are only going to get worse.
This means that, soon enough, chocolate will be sold at much higher prices. Confectioners could also start extending their chocolate supplies by mixing cocoa with other ingredients, such as vegetable fat and flavor chemicals.
Another way of preserving cacao supplies will be to keep prices steady. Chocoholics will be happy to know that there is still a possibility that their favorite chocolate goods will not be sold at sky-rocketing prices. However, and sadly, the sizes of the treats are going to be massively reduced.
Cadbury, a British chocolate company, has already reduced its iconic Dairy Milk chocolate bar by 10%.
Plus, if not the size, then chocoholics best expect that there will be more chocolate goods that have nuts, nougat, and other fillers.
Since news of the world chocolate shortage broke out, chocolate lovers from all over the world have been wondering and speculating on what could be the reasons why the supply could not keep up with the demand.
It turns out that part of the problem, apart from the combination of disease and drought, would be the cacao plants themselves. Chocolate trees take far too long before they begin to yield fruit.
This article is copyrighted by Travelers Today, the travel news leader
