Rising cocoa bean demand could result in global shortage

12/27/2013 | Fairfield Minuteman (Conn.)

Demand for cocoa beans is increasing at a rate of 3% each year, and if the industry's small-scale growers cannot develop more disease- and climate-resistant plants, there may be a global shortage, said Jim Greenberg, co-president of Union Confectionery Machinery Co., in a talk about the chocolate chain. The World Cocoa Foundation and several corporations have partnered to invest more than $500 million in the past five years "to help farmers increase their output" and to improve working conditions.

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Fairfield Minuteman (Conn.)

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