Category: Cocoa
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African millennials and Gen Z are quitting their big-city dreams to go make more money back on the farm
On a blazing afternoon in Senegal, 33-year-old farmer Filly Mangassa heaved peanut plants onto a horse-drawn cart, sending clouds of dust swirling. Ten years ago, he left his village for the capital, Dakar, dreaming of becoming a professor. But the high cost of living and lack of jobs put that dream out of reach. “Particularly…
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🇱🇷 As cocoa production in Liberia fosters mass deforestation, campaigners urge Europe to act
Producing cocoa takes a major toll on the environment. Farmers will often clear tropical forests to plant new trees, causing significant environmental damage. A new investigation from The Initiatives for Community Development and Forest (IDEF) Conservation Association, an Ivorian nonprofit organisation, demonstrates the wide scale of such deforestation in Liberia. The report is urging the…
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How Cocoa Beans Beat Bitcoin: The Sweetest Investment of 2024
How Cocoa Beans Beat Bitcoin: The Sweetest Investment of 2024 In a surprising turn of events, cocoa beans—humble seeds that fuel the global chocolate industry—have outshined Bitcoin as the best-performing commodity of 2024. While the world watched Bitcoin smash records, briefly soaring past the $100,000 mark in December, cocoa quietly made an even bigger leap.…
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Nestlé’s Expanding Market Presence in Africa: Equity, Exports, and Corporate Responsibility
Nestlé, one of the world’s largest food and beverage companies, has a significant footprint in Africa, where it has been operating for over 100 years. The company’s equity and market share in the African continent have been increasing as it continues to expand its operations and product offerings across various sectors, including dairy, cereals, bottled…
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33 trucks with smuggled cocoa beans found in Ivory Coast
The Ivory Coast Coffee and Cocoa Board has identified 33 trucks carrying around 1,100 tonnes of smuggled cocoa beans across the border with Guinea. Cocoa smuggling in the region has increased following poor harvests in Ghana and Ivory Coast, the world’s second-largest producers. The decline in production has led to a supply shortage in the…
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Cocoa prices unlikely to fall much this year despite higher production, media says
Weather conditions will become more favorable, which will lead to an increase in world production of cocoa beans by about 10%, causing their supply to exceed demand for the first time in four seasons, US media reported. However, the spread of chocolate tree diseases will hardly allow a return to previous prices. According to analysts…
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