NEWS: Bad Crops Lead To Higher Cacao Prices | The Nibble Webzine Of Food Adventures - The Nibble Webzine Of Food Adventures NEWS: Bad Crops Lead To Higher Cacao Prices | The Nibble Webzine Of Food Adventures
 
 
 
 
THE NIBBLE BLOG: Products, Recipes & Trends In Specialty Foods


Also visit our main website, TheNibble.com.





NEWS: Bad Crops Lead To Higher Cacao Prices

Cacao BeansCacao beans: victims of El Niño.   According to the International Cocoa Organisation (ICCO), the world’s current cocoa shortfall is now 55% larger than previously thought, due to adverse weather conditions that caused crop reductions over the 2006/2007 season. The global production deficit is now estimated at 242,000 tonnes. Severe dry and windy conditions affected Africa at the end of 2006, and output declined 10% (Africa supplies 70% of the world’s cacao). Over the same period, El Niño temperature fluctuations led to crop declines of 8% in the Asia and Oceania region, and 6% in the Americas.
However, the ICCO states that demand has not decreased and remains at a record high. World cacao consumption has grown on average 3.8% each year over the last five years, and 2.5% over the 2006/07 season. This demand, combined with moves by some manufacturers to stocking up on cacao, has led to average price increases of 12%. Expect to see prices reflected in everything from bars to cocoa powder to baked goods.
Please follow and like us:
Pin Share




Comments are closed.

The Nibble Webzine Of Food Adventures
RSS
Follow by Email


© Copyright 2005-2024 Lifestyle Direct, Inc. All rights reserved. All images are copyrighted to their respective owners.