Chocoholics and Guacamole fans...be forewarned
get ready to shell out more greenbacks for "the good stuff."
Cocoa prices yesterday surged to a 23-year high as speculative investors poured into the market amid concerns about dwindling supplies from Ivory Coast, by far the world's largest producer.
Prices for cocoa have risen 70 per cent in the past year, bucking the weakness in overall commodities prices. - FT.com
Holy guacamole! An avocado shortage is looming next spring.
California farmers expect to harvest the smallest avocado crop since 1990 and possibly even as far back as 1980. Hot weather in June, at just the wrong point in the growing season, is responsible for the shortfall. - Latte Times
Labels: Agriculture, avocado, Chocolate, food prices, shortages
