Latest News:

Trump tells FBI: ‘I have your back 100%’ -

Friday, December 15, 2017

Mueller requests emails from Trump campaign data firm: report -

Friday, December 15, 2017

GOP changes child tax credit in bid to win Rubio’s vote -

Friday, December 15, 2017

Trump Jr. is berated for tweet about ‘Obama’s FCC’ chair, net ‘neutality’ -

Friday, December 15, 2017

Prince Harry and Meghan Markle to marry on 19 May 2018 -

Friday, December 15, 2017

Walt Disney buys Murdoch’s Fox for $52.4bn -

Thursday, December 14, 2017

Roy Moore says Alabama election ‘tainted’ by outside groups -

Thursday, December 14, 2017

Eric Holder warns GOP: ‘Any attempt to remove Bob Mueller will not be tolerated’ -

Thursday, December 14, 2017

Former British prime minister: Trump attacks on press are ‘dangerous’ -

Thursday, December 14, 2017

China says war must not be allowed on Korean peninsula -

Thursday, December 14, 2017

Megyn Kelly left Fox News in part due to O’Reilly: report -

Saturday, April 15, 2017

North Korea warns against U.S. ‘hysteria’ as it marks founder’s birth -

Friday, April 14, 2017

British spies were first to spot Trump team’s links with Russia -

Thursday, April 13, 2017

China warns against force as North Korea prepares celebration -

Thursday, April 13, 2017

U.S. drops ‘mother of all bombs’ on Islamic State in Afghanistan -

Thursday, April 13, 2017

Boris Johnson calls off Moscow visit over Syria -

Saturday, April 8, 2017

Los Angeles Clippers vs Utah Jazz,Atlanta Hawks vs Portland Blazers -

Tuesday, February 14, 2017

Trump national security aide Flynn resigns over Russian contacts -

Monday, February 13, 2017

Israel bars Peru’s fugitive ex-leader Alejandro Toledo -

Sunday, February 12, 2017

Germany president: Steinmeier chosen by lawmakers -

Sunday, February 12, 2017

Ebola epidemic to trigger shortage of chocolate


Ebola epidemic may affect world’s supplies of cocoa, thus causing the shortage of the raw material on the market.

Such manufacturers of confectionery products as Mars, Nestle and Mondelez International have already expressed concerns on the issue, the Vedomosti newspaper reports.

Cote d’Ivoire, which accounts for 40 percent of world production of cocoa beans, borders on  Guinea and Liberia, where the deadly infection is raging. Nestle, Mars and Hershey have their plantations in Cote d’Ivoire. Another country in West African – Ghana – grows 20 percent of cocoa beans. In total, the cocoa producers in West Africa that found themselves in the center of Ebola epidemic account for 70 percent of world production of cocoa beans.

Farmers grow cocoa beans on tiny plots of land and sell them to dealers, who visit their farms themselves and then sell the harvest for export. Restrictions on movement and quarantine will thus isolate millions of farmers and block supplies of cocoa beans to world’s largest chocolate makers.

Three-month futures for cocoa beans on the New York ICE rose sharply in the second half of September, having reached the maximum in 3.5 years on September 24 – $ 3,371 / ton of cocoa beans. The harvest season, which began on October 1, pushed the prices down a bit –  they fell by 7 percent to $3,134 per ton.

Russia is one of the world’s largest importers of cocoa. Last year, the cocoa crop made up 3.9 million tons, of which Russia imported 188,000 tons of cocoa beans and cocoa products. According to ICCO, Russia is among 20 largest consumers of cocoa beans.

Source: Pravda

Comments are closed.

Yahoo! Status Checker by Techya