China Forcing Cocoa Bean Prices To Soar

The price of chocolate could soar over the next few years as surging demand puts further pressure on the on the global cocoa crisis — and experts predict the demand could become unsustainable by 2020. Most cocoa farms are situated along the west coast of Africa — where many farmers are said to be living off less than $2 a day. In December, the International Cocoa Organization said there could be a 150,000 ton deficit of the amount of cocoa beans produced in 2014.

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