The Site > Old Forums > It Is The Economy, Stupid > Time to get into Chocolate?

Time to get into Chocolate?

quote:

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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.

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The chocolate rations shall be reduced from 30 grammes to 20 grammes per week.

reply to Snakeoil
That is kind of what the Fair Trade feel-good programs are all about, isn't it? Sticking it to those evil corporations and artificially propping up prices above some arbitrary line on a far away paper.

reply to Snakeoil
I read a similar article. The market will correct itself.
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What smells like blue?

reply to Snakeoil
As long as there' plenty of peanut butter, I'm good. I can get along without chocolate just fine.
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Bit Torrent is my DVR.

reply to Snakeoil
It doesn't matter at all, because nobody will be able to afford chocolate after 12/21/12.