Asia’s Chocolate Binge Compounding Global Cocoa Shortage
date:Jul 16, 2014
age will push up prices at least 10 per cent through the end of 2014, he said on June 10.

Fastest Growth

Futures climbed 14 per cent this year to $3,083 a ton on ICE Futures US in New York yesterday and reached $3,149 on July 3, the highest since August 2011.

Consumption of chocolate confectionery in the Asia-Pacific region averaged 200 grams per person last year, less than the Middle East and Africa, according to Euromonitor. Demand expanded 4.5 per cent, the fastest rate in the world and al
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