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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 ...
Cocoa was the top-performing commodity of 2024. The price of the bean surged as headwinds battered key producers. Prices are likely to stay high into 2025, analysts at ING said.
Chocolate prices have exploded—as has the wealth of Mars and Ferrero family empires, outsizing two of the world’s top cocoa-producing countries Prarthana Prakash April 24, 2024 at 11:11 AM
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 ...
Quarterly Bulletin of Cocoa Statistics (QBCS) provides reliable and up-to-date data analysis of Cocoa economy since 1960 on both Cocoa producing and Cocoa consuming countries According to ICCO QBCS most recent revised forecasts for the year 2023/2024 global productions and grindings declined by -11.7% to 4.461 million tonnes and by -4.3% to 4. ...
Although cocoa originated in the Americas, West African countries, particularly Ivory Coast and Ghana, are the leading producers of cocoa in the 21st century, accounting for some 60% of the world cocoa supply. A 2020 report estimated that more than 1.5 million children are involved in the farming of cocoa in Côte d'Ivoire and Ghana. [1]
The country's largest cocoa producer is CECAB, short for the Cooperativa de Produção e Exportação de Cacau Biológico, or the "Organic Cocoa Production and Export Cooperative" in English. Founded in 2004, it is a cooperative of smallholders' associations that sell organic cocoa to Kaoka, a high-end, French chocolate manufacturer.
The use of child labour on cocoa farms in top producers Ivory Coast and Ghana has risen over the past decade despite industry promises to reduce it, according to a draft of a U.S. government ...