Even before the Ivory Coast unrest started increasing cocoa prices, I’d heard a lot about such a development happening (for reasons unrelated to civil unrest). I don’t remember if the stated reason was dwindling supply vs. increasing demand, or something else.
Does this mean chocolate will become more and more of a luxury item, like it used to be? Or will it do like some people say will happen to oil, and alternatives developed?
Expect shady characters in dark street corners whispering ‘hey pal, want some Peter Beier?’ . Expect goverment worldwide to start ‘the war on chocolate trafficking’.
Expect Starbuck’s to immediately double their prices on anything with the word ‘chocolate’ or ‘mocha’(even when it refers to the coffee) in its name, effective immediately.