Monday, October 20, 2014
The Connection Between Chocolate and... Ebola -- Yep, You Read It Right!
It's hard to find someone who does NOT like chocolate! It seems just about everyone loves chocolate. According to a UK study by research group Mintel, 91 percent of all women and 87 percent of all men eat chocolate. It's no wonder that it is a $83 billion a year business, according to research firm MarketsandMarkets. But the cost of chocolate may soon be going up. The reason? Ebola.
The connection between chocolate and Ebola
Ebola is a serious and highly contagious disease that starts out like the flu but can quickly lead to impaired kidney and liver function, internal and external bleeding, and death. According to the World Health Organization, "Since December, there have been 7,492 cases and 3,439 deaths attributed to the Ebola virus in five countries in West Africa and the USA."
The Ivory Coast is the world’s largest producer of cacao used in chocolate products. Because of the threat of Ebola coming into the Ivory Coast from Liberia and Guinea, where 8,000 people have been diagnosed with Ebola and nearly 4,000 have died from it, the Ivory Coast has shut its borders to both countries. The problem is that many of the workers hired to pick the cacao beans are from Liberia and Guinea.
Chocolate manufacturers from around the world are concerned over the reduction in work force. Already, cocoa trading prices have increased anywhere from 35-70 percent above normal.
What will your sweet tooth cost in the future?
It's hard to say. But it probably won't stop most of the chocolate lovers around the world from indulging!
For more details about this developing story, visit:
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