Cocoa Supply and Demand Dynamics

The video discusses the challenges facing the chocolate industry, including supply constraints due to disease, global warming, and alternative crops. It highlights the rising demand, particularly in China, and the potential impact on prices. Industry experts provide insights into the so-called 'chocolate apocalypse,' suggesting that while there is a supply-demand gap, it may be overstated. The video also explores the implications of focusing on high-yield, low-quality chocolate strains and the growing interest in craft chocolate, which emphasizes quality and flavor complexity.

What is causing chocolate to become more expensive?

• Increased consumption of Doritos

• Supply pressures and diseases affecting cocoa trees

• Decrease in global warming

• Reduction in chocolate quality

Which countries are major producers of chocolate?

• China and India

• Germany and Switzerland

• United States and Canada

• Ghana and Ivory Coast

What is a major threat to chocolate production?

• Increased production of Doritos

• Decrease in demand for chocolate

• Disease affecting cocoa trees

• Global cooling

What impact does China's increased chocolate consumption have?

• Increases global chocolate demand

• Decreases global chocolate prices

• Leads to a decrease in chocolate quality

• Has no impact on global chocolate demand

What is the 'chalk apocalypse'?

• A new chocolate flavor

• A disease affecting cocoa trees

• A type of chocolate dessert

• Predicted global shortage of chocolate by 2020

How do farmers respond to increased chocolate prices?

• Decreasing chocolate production

• Switching to rubber and corn production

• By planting more cocoa trees

• Ignoring market demands

Why is the chocolate shortage considered overstated by some experts?

• Because chocolate consumption is decreasing

• Because the price of chocolate has remained stable

• Due to advancements in cocoa farming technology

• Statements from major cocoa organizations clarifying the situation

What is the main concern with producing more chocolate?

• Overproduction leading to waste

• Selection of high-yield, lower-quality cocoa strains

• Decrease in cocoa bean prices

• Increased chocolate taste

What distinguishes craft chocolate from commodity chocolate?

• The quality and flavor complexity

• The country of origin

• The packaging

• The price of the beans

What future trend is expected in the chocolate industry?

• Shift to only producing dark chocolate

• Decrease in chocolate consumption

• Complete replacement of cocoa beans with synthetic alternatives

• Stabilization of chocolate prices due to supply and demand dynamics