I don't want to alarm you. There are a lot of serious things going on in the country today, but if less chocolate is going to be available, THAT is really serious. Maybe you read the story about how the price of cocoa recently went up by 25% in one week?
Chocolate is produced mainly in four West African countries, Ivory Coast, Ghana, Cameroon, and Nigeria. They have 75% of the world's production of cocoa. The problem is that production will be short 374,000 tons this year, (300,000 more than the shortage last year). The shortage is a result of not enough new trees being planted, bean disease, and bad weather.
There is more demand than ever for chocolate and whose fault is it? All of us are guilty-The Mars Company, Hershey, (The town and company) and The Girl Scouts too. What would happen if there were less thin mints? How much would a box cost then? What about M & M's? What about Valentine's Day?
This is a list of the top five chocolate companies in the world:
#5 Lotte, a Korean Company- 2022 revenue was $10.62 billion
#4 Ferrero, an Italian Company-2022 revenue was $1.94 billion
#3 Mondelez, operates in 160 countries-2022 revenue was $31.50 billion
#2 Mars Wrigley Confectionery- USA-2022 revenue was $47 billion
#1 Nestle SA-Swiss-2022 revenue was $108.13 billion
I think the whole world really likes chocolate. Supposedly, the chocolate companies are saying that consumers will have to pay more due to the shortage. Will Kelloggs start taking "The more cocoa" out of the Cocoa Krispies?
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