Cocoa rose to its highest cost in almost two decades London this week. Many say it is because the production of it will decrease by its highest growers and will soon be in demand. Ivory coast, cocoas largest producer, will drop production to its lowest amount for about 10 seasons. It is thought that he production amount will drop next year to less than 1 million tons and the demand will increase by1.2 to 2 percent.
I hate to see this sort of thing happening but it is all to usual, in these times, for things to be losing production and demands going up. During these hard economic times, more and more products are becoming scarce and may end up being completely extinct.
I guess I am just glad it is cocoa instead of something really hard to live without, such as sugar. Yes cocoa is used a lot, however, it is not really needed except for pleasure. It is the same with sugar, however, I would rather have sugar than cocoa any day, if I had to chose.
kaycey cook
1:45 pm
9-25-09
http://www.bloomberg.com/apps/news?pid=20601087&sid=a4cVVtqgPRN8
1 comment:
This story was a little hard to believe,to think that you could ever have a shortage of cocoa. I just hope that prices do not have to go up too high to account for the shortage and that it does not have a negative effect on the economy.
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