Chocolate shortage causing prices to rise

November 10, 2010 6:52:44 AM PST
If you have a sweet tooth, this won't be sweet news to you. Chocolate is getting more expensive.

There's a shortage building for the past six years. The main reason - farmers in West Africa have little incentive to plant cocoa trees. They take three years to mature and growers earn less than a $1 a day selling to big corporations.

One expert says in 20 years, the average joe won't be able to afford chocolate unless new research into growing higher-yielding trees prove fruitful.