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The meltdown in chocolate is coming
Rising global consumption and a shortfall in cocoa crop are leading to record-breaking prices.
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Farmers work at a cocoa farm in Daloa, Ivory Coast. Rising global consumption and a shortfall in cocoa crop are leading to record-breaking prices.
PHOTO: REUTERS
Javier Blas
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The evening I learnt the unspoken truth about the cocoa market, I was in Yamoussoukro, the colossal capital city of Ivory Coast.
“The problem with cocoa is that’s a poor man’s crop,” explained my dining companion, a government official-turned-businessman.
