Friday, November 12, 2010

Should We Fear The Loss Of Chocolate

I've been reading many articles (including the two linked bellow) about the possibility that chocolate beans may become very rare in the next few decades.  The fear is that the crop is becoming less and less profitable and farmers are abandoning the crops for higher yield more profitable crops.  The blame is often put upon chocolate lovers of the world, saying that we eat too much cocoa for farmers to keep up at such a low price.  Now I don't disagree that this is a potential problem, however I have a little problem with the economics.  Now if chocolate starts to become a harder product to find, and the demand is really high, then won't more farmers start to get into the cocoa business because it is more profitable?  I'm sure prices will go up a little, and that's fine, but I doubt very much that they'll go up so much, so quickly that no one will be able to afford chocolate at all.  That idea just doesn't make any economic sense at all.

Click here to read one article about the potential loss of chocolate.

Click here to read another one.

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