During this festive season, I suddenly became replete with chocolates. After gaining a few hundred grams of fat, I realized that the price of chocolate was rising each Diwali. And economics taught me that with each year's inflation, all food items rose as a result
But Chocolate prices were rising exponentially that there was more economics at play.
An Internet search assuaged my curiosity where I discovered that Cocoa was progressively becoming a rare and expensive commodity.
Cocoa being a labor intensive crop takes years to cultivate, and replanting is difficult. It suddenly morphs into a win-loss product that does not offer a good enough reward to cocoa croppers.
It is hard to imagine that in 2030, chocolates would be seen in museums or be consumed by the elite billionaires alone. The world might face a chocolate crunch in the coming decades, and the crisis would be tough to turnaround.
Some time back, I had explored more reasons behind this conundrum. Is there any way to prevent this? Or it this just a farce? Do leave a comment on the same.