Search results
Results from the WOW.Com Content Network
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 Ivorian cocoa futures and options through Euronext whereby world prices are set.
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]
Blommer is the largest cocoa processor and ingredient supplier in North America, processing over 45% of US cocoa imports. It is a founding member of the World Cocoa Foundation, which works to support sustainable cocoa production. The product line includes organic and fair-trade products.
The International Cocoa Organization (ICCO) is a global organization, composed of both cocoa producing and cocoa consuming countries with a membership. Located in London , ICCO was established in 1973 to put into effect the first International Cocoa Agreement which was negotiated in Geneva at a United Nations International Cocoa Conference .
Bulk cocoa is distinguished from flavor cocoa using the subjective definition of containing undesirable or poor flavor, drying or fermentation. [3] Bulk cocoas have a strong inherent flavor. [ 4 ] They are regulated by quality requirements, which allow manufacturers to ensure homogeneity for what they add to blends, maintaining brand flavors.
Cocoa is farmed in the tropical regions of West Africa, Southeast Asia, and Latin America. In Latin America, cocoa is produced in Costa Rica, Panama, Peru, Bolivia, and Brazil. Much of the cocoa produced in Latin America is organic and regulated by an Internal control system. Bolivia has fair trade cooperatives that permit a fair share of money ...
The ICCO is engaged in projects around the world to support sustainable cocoa production and provide current information on the world cocoa market. [68] Cocoa is one of seven commodities included in the EU Regulation on Deforestation-free products (EUDR), which aims to guarantee that the products European Union (EU) citizens consume do not ...
In 2016, cocoa beans were cultivated on roughly 10,200,000 hectares (25,000,000 acres) worldwide. [15] Cocoa beans are grown by large agroindustrial plantations and small producers, the bulk of production coming from millions of farmers with small plots. [16] A tree begins to bear when it is four or five years old.