Positive cocoa production is predicted in the Republic of Cote d’Ivoire, one of the largest countries that produce cocoa beans. According to specialists, by the end of future marketing year the yield of cocoa beans in Cote d’Ivoire is predicted to reach the record. The new season has started this month, but analysts are already predicting positive future yield, judging from the good start.
This year cocoa beans production is predicted to reach 1.45 mln. tons (versus last year’s result of 1.46 mln. tons) in the country of Ivory Coast, which is the translation of the name of the republic into Russian.
World cocoa beans market has been greatly dependent on political situation in western regions of Africa during the recent years, as their total production amounts to over 70 percent of world volume, and its major part is provided by Ghana and Cote d’Ivoire. Except Africa, this culture is grown in Asian countries, such as Sri Lanka, Indonesia, Malaysia, and a number of countries in South America – Ecuador, Venezuela , Brazil, and Mexico. It is worth mentioning that northern countries are major cocoa consumers.
The situation at cocoa beans market is hard to predict because there is no full-scale statistics about it.
