The world will officially run out on October 2, 2020. Industry experts met in London last week to discuss the impending meltdown. Confectionery giants revealed there are just not enough cocoa plantations across the globe to feed the demand. They warned we would need the equivalent of another planet Earth to fill the gap needed to keep the chocolate industry going. Prices are set to soar over the next few years as chocolate becomes harder to get hold of. As a result many big-name companies are expected to fill bars that are smaller in size with more nuts and fruit because they are cheaper to produce.
Chocolate taster and expert Angus Kennedy said: “There will be a chocolate shortage and there isn't a solution to the problem. Seven years is what we think we have left. Experts have worked out we need 2.3 globes to accommodate man’s needs for chocolate in terms of forestry and space.We need another Earth basically if we carry on at this rate. We are destroying the whole thing. The problem we've got is that much of the space that was used for cocoa plantations is no longer there. The Chinese love their cars and they have found that rubber makes more money than cocoa and at a much quicker pace. Cocoa farms are being chopped down and turned into rubber plantations because they get a better yield. If you plant a cocoa plant you get cocoa beans in four years, which means the farmers are waiting four years for a profit so obviously they think ‘What is the point?'”
Manufacturers from all over the world including Iran, Belgium, Lebanon, Germany and Switzerland met at the British Library last week for the annual Chocolate Industry Network Conference where they heard the worrying news.
Mr. Kennedy said: “There is a small amount of growth projected for cocoa consumption in Europe and America but in China and Asia it is set to go sky high. Also cocoa is being used in everything from bakeries to body creams to sprinkles for coffee. It is a very popular product. Unless more trees are planted this will happen. What we will see is a higher price for cocoa powder and, in turn, chocolate. The price for bars will go up over the next few years. You will see less chocolate in the bars. There will be smaller bars, more biscuits, more raisins, more nuts because they are cheaper to fill space with. Bars will probably be filled with a lot more sugar as well because it is the cheapest ingredient to bulk out the cocoa.”
He added: “It is going to be very different from the chocolate we know and love today.”
Source: Daily Star