Page 25 - MEX-Yearbook-2017

Fundamental Facts Top Producers of Cocoa 2014-15 2015-16 (in 1000 Tons)
• Factors that affect the prices of cocoa options on a future basis include 3074 2918 2016-17*
Area-Country 232 211 3565
natural variables such as the weather. Africa 240
• Droughts and soil erosion can lower a farmer’s yield of cocoa Cameroon
Cote d’Ivoire 1796 1581 2010
considerably, as can disease such as black pod disease. Ghana 740 778 950
• Cocoa prices can quickly rise as a result, as the world demand for Nigeria 195 200 225
Others 111 148 140
chocolate continues to increase. America 777 666 757
• On an even more long term basis, any improvement in African work Brazil
Ecuador 230 140 180
and labor standards, for example, could gradually and yet massively Others 261 232 270
influence cocoa commodity prices. Asia & Oceania
• The production costs are currently quite low, but this could be subject Indonesia 286 294 307
to change in the future if conditions for workers are improved. Papua New Guinea 400 397 379
Others 325 320 290
Cocoa World Total
36 36 40
800 39 41 49

L 700 4251 3981 4700

600

O 500

400

T 300

200

S 100

0

Months (January 2017 - December 2017)
January * Estimate
February

March
April
May
June
July
August
September
October
November
December

Source: International Cocoa Organization

Cocoa plants can only
flourish in the regions that
lie within 20 degrees north

or south of the Equator.

MEX NEPAL YEAR BOOK 2017 | 24