Cocoa World Production Trade

This publication examines the vertical and horizontal integration in the cocoa industry and its potential impacts on stakeholders along the value chain, in particular small cocoa farmers who constitute the backbone of cocoa production worldwide. It contends that the concentration pattern observed at all segments of cocoa GVC may have contributed to a high level of efficiency, but could become problematic, in particular if it fosters oligopsonic/monopsonic or monopolistic/oligopolistic behaviour in the industry with detrimental effects for small players. It also discusses the extent of integration of cocoa farmers into international markets by assessing the transmission of international cocoa prices to the domestic prices paid to farmers. The results suggest that transmission has increased with trade liberalizing reforms undertaken by cocoa producing countries, but, overall, the outcomes are mixed, so far. The reforms have increased the exposure of farmers to the vagaries of international markets, but they are not associated with a significant, if any, increase in the share of world prices of cocoa accruing to farmers. In order to make cocoa cultivation a more viable source of livelihoods for farmers, and ensure a sustainable global cocoa economy, it would be essential for governments and other stakeholders to implement policies that enable cocoa farmers to increase their incomes. The publication is useful for governments of cocoa producing countries, development practitioners, including agricultural economists and the private sector, with an interest in empowering farmers, and in the development of a sustainable cocoa economy. Ultimately, it should make an invaluable contribution to the debate on how to reduce poverty, and attain the Sustainable Development Goals (SDGs) with their commitment to ''leave no on behind'', especially in cocoa farming communities.

‘An overview of the history of cocoa, the factors affecting its production and consumption as well as how the trade is conducted, various risks mitigated, and by whom. ...The International Cocoa Trade is a work designed to inform all on the subject of cocoa and an essential guide for those involved in its trade.’ Dr J. Vingerhoets, Executive Director, ICCO Cocoa is a valuable commodity, and the cocoa trade involves many different parties from growers and exporters through dealers and factories to those trading futures and options and the banks they deal with. The International Cocoa Trade provides an authoritative and comprehensive review of the cocoa trade at the beginning of the twenty-first century, and the main factors that drive and affect that business. The opening chapter of the third edition examines the history and origins of the international cocoa trade, and its recent developments. The agronomics of cocoa production are discussed in chapter two whilst chapter three deals with the environmental and practical factors affecting cocoa production. Chapters four, five and six cover issues around the export and trading of physical cocoa, including the actuals market, the physical contracts used and the futures and options markets. In chapter seven, the international consumption and stocks of cocoa are reviewed with chapter eight discussing the issue of quality assessment of cocoa beans for international trade. Finally, chapter nine focuses on the end product, examining the processing of cocoa beans and the manufacture of chocolate. Updated appendices provide copies of some of the most important documents used in the cocoa trade, including contracts, sale rules and world production statistics. This comprehensively updated third edition of The International Cocoa Trade ensures its continued status as the standard reference for all those involved in the production consumption and international trading of cocoa. Provides an authoritative and comprehensive review of the cocoa trade at the beginning of the twenty-first century, and the main factors that drive and affect that business Examines the history and origins of the international cocoa trade, and its recent developments featuring a discussion of environmental and practical factors affecting cocoa production Explores issues concerning the export and trading of physical cocoa, including the actuals market, the physical contracts used and the futures and options markets

Excerpt from Foreign Agriculture Circular: Cocoa Beans, World Production and Trade; June 3, 1957 Trade in cocoa beans and cocoa products over the past year has very nearly kept pace with the increase in production. _united States cocoa bean imports in 1956 exceeded 1955 imports by approximately 59 million pounds, or almost 12 percent. Increased absorption of raw cocoa in 1957 is being predicted for the largest consumers-the United States, United Kingdom, France, west Germany, and the Netherlands. For the past several months has been increasingly active in the cocoa bean market. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.

One of the largest food commodities exported from the developing countries to the rest of the world, cocoa has gained increasing attention on the global market—raising many questions about its quality, sustainability and traceability. Cocoa Production and Processing Technology presents detailed explanations of the technologies that could be employed to assure sustainable production of high-quality and safe cocoa beans for the global confectionary industry. It provides overviews of up-to-date technologies and approaches to modern cocoa production practices, global production and consumption trends as well as principles of cocoa processing and chocolate manufacture. The book covers the origin, history and taxonomy of cocoa, and examines the fairtrade and organic cocoa industries and their influence on smallholder farmers. The chapters provide in-depth coverage of cocoa cultivation, harvesting and post-harvest treatments with a focus on cocoa bean composition, genotypic variations and their influence on quality, post-harvest pre-treatments, fermentation techniques, drying, storage and transportation. The author provides details on cocoa fermentation processes as well as the biochemical and microbiological changes involved and how they influence flavour. He also addresses cocoa trading systems, bean selection and quality criteria, as well as industrial processing of fermented and dried cocoa beans into liquor, cake, butter and powder. The book examines the general principles of chocolate manufacture, detailing the various stages of the processes involved, the factors that influence the quality characteristics and strategies to avoid post-processing quality defects. This volume presents innovative techniques for sustainability and traceability in high-quality cocoa production and explores new product development with potential for cost reduction as well as improved cocoa bean and chocolate product quality.

Excerpt from Cocoa Beans: World Production and Trade The cumulative total of trees cut out for swollen shoot is over 54 million or the equivalent of near 91 thousand acres of cacao of 600 trees each. It is estimated that approximately 32 percent of this area has been replanted. Most of the new planting is being done in the Ashanti on new land. The Gold Coast Department of Agriculture believes the new planting and replanting are maintaining the Gold Coast acreage. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.