Sunday, November 16, 2014

World's Largest Chocolate-maker: "We're Running Out Of Chocolate"

From the Washington Post:
There's no easy way to say this: You're eating too much chocolate, all of you. And it's getting so out of hand that the world could be headed towards a potentially disastrous (if you love chocolate) scenario if it doesn't stop.

Those are, roughly speaking, the words of two huge chocolate makers, Mars, Inc. and Barry Callebaut. And there's some data to back them up.

Chocolate deficits, whereby farmers produce less cocoa than the world eats, are becoming the norm. Already, we are in the midst of what could be the longest streak of consecutive chocolate deficits in more than 50 years. It also looks like deficits aren't just carrying over from year-to-year—the industry expects them to grow. Last year, the world ate roughly 70,000 metric tons more cocoa than it produced. By 2020, the two chocolate-makers warn that that number could swell to 1 million metric tons, a more than 14-fold increase; by 2030, they think the deficit could reach 2 million metric tons.

The problem is, for one, a supply issue. Dry weather in West Africa (specifically in the Ivory Coast and Ghana, where more than 70 percent of the world's cocoa is produced) has greatly decreased production in the region. A nasty fungal disease known as frosty pod hasn't helped either. The International Cocoa Organization estimates it has wiped out between 30 percent and 40 percent of global coca production. Because of all this, cocoa farming has proven a particularly tough business, and many farmers have shifted to more profitable crops, like corn, as a result.

Then there's the world's insatiable appetite for chocolate. China's growing love for the stuff is of particular concern. The Chinese are buying more and more chocolate each year. Still, they only consume per capita about 5 percent of what the average Western European eats. There's also the rising popularity of dark chocolate, which contains a good deal more cocoa by volume than traditional chocolate bars (the average chocolate bar contains about 10 percent, while dark chocolate often contains upwards of 70 percent)....MORE
See also:
The Return of Chocfinger and The End of Chocolate
"World's Sweet Tooth Heats Up Cocoa" 
Damn it , damn it, damn it.
Three years ago seeing stories like "Chocolate replica of the Great Wall of China" I thought doing some sort of chocolate thing in China might be profitable. Chocolate worked out okay for Mr. Buffett.*
But during the due diligence the consultants said the Europeans, particularly Barry Callebaut and Lindt (formally Chocoladefabriken Lindt & Sprüngli, yummy eh?) had already made great strides in Asia.

So I let it rest but kept peeking at this picture of the dark goddess replacing terra cotta from an exhibition that drew a half-million chocoholics:
And thinking there might still be time.

Then in 2013 we read that the 30,000 sq. meter Chocolate Happy Land theme park has opened and by now I'm pretty sure that, yes, there is a freaking appetite for chocolate in China and where are those two clowns who warned about Barry freaking Callebaut? I mean come on, They have white chocolate:
And milk chocolate (on a dark chocolate plinth)....MORE