The chocolate deficit is a supply and demand story with weather and fungus problems on the supply side and demand up from developing nations.
While Ebola fear caused raw cocoa futures prices to rise in September, its long term rise has been because of more demand from developing nations.
In refrigerators in developing nations, we can see the impact of affluence on their diet and on supply and demand that will change worldwide food prices.
In an econlife post from September 2013, we presented a spending ladder that emerging market nations like the BRICs–Brazil, Russia, India, China–might climb. At each rung, spending surges and then flattens at that higher level until consumers can afford to climb…