This study aims at developing econometric models to manage the price risk of Dry and Wet Cocoa beans with the help of ARIMA (Autoregressive Integrated Moving Average) and VAR (Vector Auto Regressive). The monthly price of Cocoa beans is collected for the period starting from April 2009 to March...

The present paper uses asymmetric cointegration and error-correction modeling where a nonlinear adjustment of the exchange rate yields results that are different than those yielded by linear models. We study cocoa imports for Turkey with advanced ARDL and nonlinear ARDL frameworks. Our findings...

Despite the widespread popularity of the Creating Shared Value (CSV) discourse, its ‘business case’ and ‘win-win’ rhetoric remain problematic. This paper adds an inclusive development perspective to the debate, arguing that analysing CSV strategies through an inclusivity lens contributes...

ABSTRACT CONTEXT Global cocoa production is largely concentrated in West Africa where over 70% of cocoa is produced. Here, cocoa farming is largely a rain-fed, low-input system with low average yields, which are expected to reduce due to climate change. With increasing demand, there is a need to...

Cocoa plantations (Theobroma cacao) are suggested as agroforestry crops that promote biodiversity conservation. Nonetheless, the role of land-use history on the taxonomic and functional diversity of trees remains poorly explored. In this study, we assessed the effect of two management intensity...

Large chocolate manufacturers have committed themselves to only using certifiedcocoa beans and some governments want to increase the share of certified cocoaproducts consumed in their countries. Thus, Voluntary Sustainability Standards(VSSs) become quasi-mandatory for cocoa producers and...

This study empirically explores the dynamic interactions between the European and Indonesian cocoa markets during the 2008 global financial crisis (GFC) and the 2011 European debt crisis (EDC) using a battery of time series approaches of cointegration and multivariate Granger causality. The...

Poverty continues to persist among the smallholder farmers in the cocoa sector, especially among the West African cocoa-producing countries. Despite the sector’s contribution to economic development, the smallholder farmers are yet to record any tangible improvement in their welfare and...

In the past two decades, markets grew to accommodate no less than 435 “eco-labels” or standards such as Organic, Fair Trade, Rainforest Alliance, and UTZ Certified, that claim some aspect of sustainability. They constitute multi-billion dollar markets and the world’s leading food and...

Liberalization of tropical agricultural markets has brought globalization, in the sense that all producers now face world rather than domestic prices. Producer prices have tended to rise as a share of fob prices as intermediation costs and tax has declined. However, in conjunction with inelastic...

Due to the importance of cocoa in the food industry, there is a greater need to transport this commodity with fewer rejections and damage to quality. Growing in the tropical areas of the world, cocoa beans travel a considerable distance to their main importing destinations located in North...

The effectiveness of different exchange rate systems continues to attract the attention of many scholars, however, most discussions on exchange rate regimes have focused on how the phenomenon affects economic growth, economic stability, financial crises, international tourism, and international...

The production and consumption of raw materials such as coffee, cocoa and cotton have created extensive but unequal links between the Global North and Global South. The structure and governance of these links have changed over time, but have been determined mainly by a few multinational...

Cote d’Ivoire has been at the helm of cocoa production for more than 3 decades. Despite being fraught by occasional challenges, she is still poised to steer the global cocoa production rudder. To keep the mantle of, we investigate and analyse some determinants that influence cocoa shortage in...

The cocoa industry is a global multi-billion dollar industry that faces numerous challenges at the farm level. Cocoa is largely grown on smallholder farms in equatorial Africa, which face poverty, declining productivity, volatile prices and lack of funding for investment, as well as human rights...

The paper analyses cocoa farmers' integration into global markets taking into account trade reforms in five cocoa producing countries. The analysis investigates price transmission mechanisms from world to domestic cocoa markets in the context of trade liberalizing policy reforms. The empirical...

Commodity price volatility remains a crucial development challenge of commodity-dependent countries of the Global South. Drawing on structural development economics' concerns with commodity price volatility and stabilisation, this article calls for the integration of price-setting into the...

"Avec une poignée d'autres produits agricoles comme le café, la banane ou le sucre, le cacao est un produit emblématique de la mondialisation, mais aussi d'une évolution culturelle qui a vu naître de nouveaux modèles de consommation : cette denrée « exotique », aux conditions de...

"Addressing the threatened future of chocolate in our modern world, Dale Walters discusses the problems posed by plant diseases, pests, and climate change, looking at what these mean for the survival of the cacao tree."

Cote d'Ivoire has the world's largest cocoa sector, producing over 1.4 million metric tons of raw cocoa per year, accounting for thirty two percent of world production. Harvest payments often arrive late due to the complex logistics of cash-based payments and, it is not uncommon for the amount...

Agricultural price distortion which is the discrepancy between world market price of agricultural produce and price received by farmers as a result of market interventions by governments, either through subsidies or taxes or even trade protection systems, has received rare attention in the cocoa...

In the new millennium, the soaring economic growth in Asia and Africa, the increase of world trade, and globalization have boosted the global demand for cocoa. However, world cocoa supply could barely keep up with demand. These processes triggered a high volatility in global cocoa prices....