El Niño chomps on chocolate
28 May 2015 - 02:01
Chocolate is becoming a scarce commodity as world demand outstrips supply. And bad weather looks likely to add to the anxiety of chocolate lovers. The powerful El Niño event predicted for later this year could adversely affect the climate in cocoa-producing regions, disrupting supplies and increasing costs.Cocoa prices have risen steadily over the last 15 years and are near an all-time high of around £2,000 (R37,000) a ton.Large-scale manufacturers have resorted to making smaller bars - rather than raising prices - or adding cheaper ingredients to make the pricey cocoa go further...
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