Ebola Is Threatening Much Of The World’s Chocolate Supply

Ebola Fears Sends Price Volatility Surging In… Chocolate (ZeroHedge, Oct 14, 2014):

The world’s candy-makers are worried. As Politico reports, Ivory Coast, the world’s largest producer of cacao, the raw ingredient in all your favorite candy, has shut down its borders with Liberia and Guinea, putting a major crimp on the workforce needed to pick the beans that end up in chocolate bars. While Ivory Coast (which produces around a third of the world’s total cacao beans) has yet to see a single case of Ebola yet, the price of Cocoa futures has become extremely volatile in recent weeks breaking notably higher than its normal range between $2000 and $2700 pere ton. Simply put – and not wanting to spread panic and fear – Ebola is threatening much of the world’s chocolate supply.

Leave a Comment