People are eating more cocoa than farmers can produce, according to two of the world’s largest chocolate makers.
Mars, Inc. and Swiss-based Barry Callebaut say demand could outstrip supply by 2020.
Seventy percent of the world’s cocoa is grown in West Africa. But a drought and a fungal disease called “frosty pod” is causing many farmers there to switch to other cash crops like corn.
It has resulted in cocoa prices climbing by more than 60 percent since 2012.