date:Aug 29, 2014
oducers, according to Ontaneda. He forecasts a 100,000-ton supply deficit this year and a shortage of about 800,000 tons by 2020. That should translate into long-term prices of $3,000 to $4,000, he said.
Exporters are also working to improve the traceability of beans to improve Ecuadors reputation as a high-quality producer. Consumers increasingly want to know where their chocolate comes from as well as what labour and environmental conditions are in the country of origin, Ontaneda said.
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