Friday, January 28, 2011

Will there be a chocolate drought? World’s supply of sustainable cocoa could run out by 2014

The world faces a chocolate ‘drought’ over the next few years, an expert warned yesterday.

Political unrest in the Ivory Coast, where 40 per cent of the world’s cocoa beans are grown, has ‘significantly’ depleted the number of certified fair trade cocoa farmers.
Many have fled the West ­African country, while fair trade training programmes have also come to a halt.
Fairtrade training programmes have ground to a halt because of the danger farmers face in rural areas.
The situation is already affecting chocolate manufacturers, who are facing the highest cocoa prices for over 30 years.
Prices jumped by 10 per cent this month alone. Analysts are predicting they could soon hit $3,720 per metric tonne - a level last seen in January 1979.
It follows a curb on international cocoa exports initiated earlier this week by the country's new president, Alassane Ouattara.

Angus Kennedy, the editor of Kennedy's Confection and a leading British chocolatier, said chocolate producers are facing 'one of the biggest challenges to hit the industry in recent history'.
'Supplies of sustainable cocoa are set to run out, it's that simple,' he said.
Drying up: Ivory Coast cocoa supplies are under threat after many farmers have fled the country
'The Ivory Coast is a complete no-go area for cocoa traders as it's too dangerous, so training new farmers and trying to cut problems in the region is now, mostly impossible.
'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.'
Of the world's 5.5 million cocoa farmers, only 10 per cent have been trained and certified as sustainable fair-trade producers.
The certification is granted by specially-trained teachers, and the course runs for up to three years.
But the political turmoil in Ivory Coast means both the farmers and trainers are fleeing the country, leaving a severe shortage of certified cocoa beans.
Even if the political situation improves, it could take three years or more for the number of certified fair-trade farmers to reach its former level.
According to Mr Kennedy, manufacturers are now fighting for the rest of the world's sustainable cocoa bean stock.
'Things could get nasty now as producers start to fight over the last stocks,' he added.


Man no more chocolate I know a lot of people who will not be able to ride this out!

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