Exchange Stabilization Fund, BIS may have to start shorting cocoa


Don't Panic, But We Could Be Running out of Chocolate

By Lauren Davidson
The Telegraph, London
Monday, November 17, 2014

The world could be running out of chocolate, leading confectioners have warned, as soaring demand continues to outpace the lagging rate of production, pushing up the price of chocolate.

Barry Callebaut, the world's largest chocolate manufacturer, is the latest candy giant to express concerns of rising prices and a global cocoa shortage by 2020.

In its annual results, the Zurich-based company said that growing demand had led it to sell 1.72 million tonnes of chocolate in the year to August 31, an 11.8 percent increase on the 1.54 million tonnes sold in the previous year.

This demand, along with a combination of bad weather, Ebola fears, and a crop disease, drove cocoa prices up by 25 percent from L1,600 per tonne to more than L2,000 per tonne. ...

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