Chocolate’s Evolution to Luxury Status Cuts Cocoa Demand
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The world’s chocolate frenzy is finally starting to ease.
A dimming global economic outlook means that consumers are looking for ways to cut spending, and cocoa demand in 2015 will grow at the weakest pace in six years, Rabobank International predicts. At stake is the $114 billion that Euromonitor Plc estimates will be spent globally on the sweet treat this year.