26.(AB) The consumption of chocolate has declined significantly due to health concerns in many regions. (AC) Since chocolate makers tend to hedge cocoa purchases months in advance, analysts have said the disastrous crops in West Africa will only really hit consumers later this year. (AD) Ghana today has some 1.38 million hectares (3.41 million acres) of land under cocoa cultivation (AE) Cocoa production in South America has been declining steadily over the last decade. (BC) We wouldn’t get the lowest crop for 20 years in Ghana and the lowest for eight years in Ivory Coast if we hadn’t reached a tipping point. (BD) They have hit new record highs almost daily in an unprecedented trend that shows little sign of abating. (BE) It is a shift that will also be felt in wealthy consumer markets, possibly for years to come.
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