Cocoa Market Update

April 1, 2014
U.S. Headquarters 1411 K Street, NW, Suite 502, Washington DC 20005. T +1 202 737 7870
Ghana Office Hse. No. 4, Blackberries Street, East Legon, PMB MD 217, Madina, Accra, Ghana. T + 233 302 542 187
Abidjan Country Office II Plateaux 7ème Tranche, rue L 54, Abidjan, Côte d'Ivoire. T +225 22 52 37 32
Brussels Regional Office Hoogstraat 121, 1980 Zemst, Belgium. T+32 475 50 90 02
Cocoa Market Update
Introduction
Cocoa is a cash crop and critical export for producing countries and is also a
key import for consuming countries, which typically do not have suitable
climates for cocoa production. Traveling along a global supply chain, cocoa
beans go through a complex production process that includes farmers, buyers,
shipping organizations, processors, manufacturers, chocolatiers, and
distributers.
Cultivation of cocoa is a delicate process, as the trees are susceptible to
changing weather patterns, diseases, and insects. Unlike larger, industrialized
agribusinesses, the vast majority of cocoa comes from small, family-run farms,
which often rely on outdated farming practices and have limited organizational
leverage. Steadily increasing demand from worldwide consumers encourages a
number of global efforts and funds committed to support and improve cocoa
farm sustainability.
Table of Contents
Production ......................................................................................... 2
Cocoa Value Chain ............................................................................. 4
Consumption ..................................................................................... 6
Price and Trading .............................................................................. 8
External Links .................................................................................. 11
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