Russia may start growing cocoa beans on its territory. Prospects are good considering the global shortage of this product. This opinion was expressed by economist Alexey Kuk, expert of the NTI working group FoodNet (Foodnet), in an interview with RIA Novosti.
“This industry can be used as a growth catalyst no worse than UAS (unmanned aircraft systems – Ed.). So in Russia we have answers to these challenges; “The only question is whether we will manage to implement them in time,” he said.
According to Cook, it’s about playing the “long game.” A positive scenario assumes that the expansion of this type of production will take about 10 years.
The economist predicts that in the short term, the market expects further increases in cocoa bean prices due to increasing scarcity. In addition, the consumer will face a decrease in the variety of chocolate products and a deterioration in their composition: more substitutes will appear.
The price of cocoa beans on the stock market on Friday, February 2 rose It rose above 5 thousand dollars per ton for the first time since 1977.
Russians before warned About the impending chocolate shortage in the country.