Too Hot for Chocolate? Climate Change Could Decimate the $9 Billion Cocoa Industry, Study Finds
Half of the world’s cocoa supply comes from the West African countries of Ghana and Côte d’Ivoire. But in the coming decades, climate change could severely limit production in the region — disrupting local farmers and squeezing global chocolate supply.
A new report out from the International Center for Tropical Agriculture finds that between 2030 and 2050, land area suitable for cocoa production will fall dramatically. While rising temperatures and changing rainfall pattern may shift cocoa production to land currently not suitable, the net impact to this $9 billion-per-year industry could be severe.
The news release makes clear that climate change is already having an impact on cocoa crops:
‘Already we’re seeing the effects of rising temperatures on cocoa crops currently produced in marginal areas, and with climate change these areas are certain to spread. At a time when global demand for chocolate is rising fast, particularly in China, there is already upward pressure on prices. It’s not inconceivable that this, combined with the impact of climate change, could cause chocolate prices to increase sharply.’
So stop hoarding this stuff:
…and start hoarding this stuff: