HOUSTON - Uh-oh, did you hear? The world is running out of chocolate.
According to the world's two largest chocolate manufacturers, we're eating so much of the ooey-gooey goodness that cocoa farmers are struggling to keep up. And unless something changes, by 2034 a simple old chocolate bar could be as rare and expensive as caviar. Last year chocolate lovers worldwide consumed 70,000 metric tons more cocoa than farmers actually produced. Add drought and crop disease to the mix and you've got a recipe for disaster.
So, with cocoa in short supply and people eager to pay any price settle their sweet-tooth, what should we do? panic? The International Cocoa Organization says not so fast. While they agree we could be facing a shortage in the near future, they say it would most likely be small.
In the meantime, we see investment opportunity written all over this one.