The Meltdown In Chocolate Is Coming

Bloomberg

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Individual: Michael Bloomberg

Private Equity: The Vanguard Group

The Meltdown In Chocolate Is Coming

(Bloomberg Opinion) --  The evening I learned the unspoken truth about the cocoa market I was in Yamoussoukro, the colossal capital city of Ivory Coast.“The problem with cocoa is that’s a poor man’s crop,” explained my dining companion, a government official-turned-businessman. “Do you see any commercial plantation around here? No,” he said. “And do you know why? Because prices aren’t high enough.”Only because millions of West African farmers sa…