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Cocoa

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

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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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