Here on The Hipcrime Vocab we've covered Peak Oil, Peak Health, Peak Movies, Peak Sports and Peak Coffee. Now add one more: Peak Chocolate:
The demand for chocolate increases by about 2.5 to 3 percent each year, which means about four million more tons of cocoa are needed every year.Could the Appetite For Chocolate Exceed the World’s Supply? (ABC News blog). Low profits for the Easter Bunny this year.
Experts predict that by 2020, the demand for chocolate will increase by 25 percent. That’s about five million metric tons of chocolate.
“Cocoa has been almost completely static,” said Andrew Pederson, global chocolate manager for Mars, Inc., the makers of M&Ms, Milky Way bars, Snickers and other confections. “The crops don’t perform well. They’re aging pretty badly. Farmers don’t have a lot of tools and training.”
Existing cocoa plants, mostly in tropical countries, are old and worn out, and it is difficult to find space to plant more. Expansion of cropland could mean deforestation.
“Cocoa is a crop that is fragile. Cocoa is a crop that is very picky where it likes to grow,” Peck said. “It needs tropical, humid conditions with rich soil. There’s not a lot of land availability with those conditions around the world.”
Falling Chocolate Photos (Laughing Squid)