Cocoa Market Dynamics and Challenges

This chapter examines the complexities of cocoa markets, focusing on the challenges faced by producers in Ivory Coast and Ghana in fulfilling advance sales agreements due to inaccurate crop estimates. It highlights the significant impacts of supply shocks and the shift in cocoa production towards countries like Brazil, as farmers seek better financial returns. The discussion emphasizes the economic struggles of Ghana's cocoa farmers against fluctuating global prices and the potential for sustainable growth in emerging cocoa-producing regions.