A Guide to Trade Practices

image of Cocoa

This Guide describes trade and industry practices, as well as regulations applying to cocoa. It discusses customs procedures; systems and techniques used at each stage of the cocoa supply chain; trends in cocoa manufacturing and processing; electronic commerce; cocoa organic farming; fair trade; sustainable production; and environmental issues. It also provides a list of main sector-related trade and industry associations; and appendices that contain detailed statistical data and list of relevant Internet websites.

English French, Spanish


Risk management

Cocoa trading, like all other commodity trading, has an inherent set of risks. It is generally good policy to identify these risks and set up a formal and realistic programme of how to manage them, preferably in writing and communicated to all participants in their respective trading activities. Risk management may be seen as a series of actions that modifies the risks from less acceptable to more acceptable. It could perhaps be described as a policy of ‘replacing the devil you don’t know with the devil you know’, to use a variation on a familiar saying.

English French, Spanish

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