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According to the UN FAO, Indonesia overtook Ghana and became the second-largest producer worldwide in 2006. [4] The World Cocoa Foundation provides significantly lower figures for Indonesia, but concurs that it is the largest producer of cocoa beans outside of West Africa. [9] Large chocolate producers such as Cadbury, Hershey's, and Nestle buy ...
Côte d'Ivoire and Ghana are the world's largest and second largest cocoa producers, respectively, together accounting for 65% of the global cocoa supply as of 2024. [1] In 2017, a 20% drop in global cocoa prices negatively impacted the livelihoods of millions of cocoa farmers in Côte d'Ivoire and Ghana, prompting the presidents of both countries to sign an agreement for a strategic ...
Although Ghana was the world's largest cocoa producer in the early 1960s, by the early 1980s production had dwindled almost to the point of insignificance. The drop from an average of more than 450,000 tons per year to a low of 159,000 tons in 1983–84 has been attributed to ageing trees, widespread disease, bad weather, and low producer ...
A bean-to-bar company produces chocolate by processing cocoa beans into a product in-house, rather than melting chocolate from another manufacturer. Some are large companies that own the entire process for economic reasons; others are small- or micro-batch producers and aim to control the whole process to improve quality, working conditions, or environmental impact.
Cadbury moved sourcing to the British colony of the Gold Coast, today Ghana, which became the largest producer of cacao in 1911. [120] It remained the largest producer until it was overtaken by the Ivory Coast in 1977. [127] The growth in the West African cocoa industry was driven by a combination of colonial pressures and a European market. [128]
Financial assistance from the World Bank in the 1980s and a transition to a free market economy in 1990 failed to rejuvenate cocoa production on the islands. A 1998 slump in cocoa prices further reduced production, and by the turn of the century most cocoa farmers were producing the crop merely to maintain their property rights. [28]
The crop was a major foreign exchange earner for Nigeria in the 1950s and 1960s and in 1970 the country was the second largest producer in the world but following investments in the oil sector in the 1970s and 1980s, Nigeria's share of world output declined. In 2010, cocoa production accounted for only 0.3% of agricultural GDP. [1] Average ...
Theobroma cacao (cacao tree or cocoa tree) is a small (6–12 m (20–39 ft) tall) evergreen tree in the Malvaceae family. [1] [3] Its seeds - cocoa beans - are used to make chocolate liquor, cocoa solids, cocoa butter and chocolate. [4] Although the tree is native to the tropics of the Americas, the largest producer of cocoa beans in 2022 was ...