The International Cocoa Agreement: A brief history
- Author: International Trade Centre
- Main Title: Cocoa , pp 136-142
- Publication Date: December 2001
- DOI: https://doi.org/10.18356/3fbd5546-en
- Language: English French, Spanish
The world cocoa market is notoriously unstable. The yield from a farm or plantation can vary enormously from season to season depending upon favourable or adverse weather conditions. Prices can fall heavily when, for example, the weather in West Africa is favourable and the crop is large; they can rise sharply when the rains fail and the size of the crop is severely reduced. These boom-and-bust conditions can sometimes be accentuated by speculative activity, mainly on the futures markets. This type of instability is not in the best interests of either the farmers or the users of cocoa.
© United Nations
ISBN (PDF):
9789213615386
Book DOI:
https://doi.org/10.18356/924fa290-en
Related Subject(s):
International Law and Justice
;
International Trade and Finance
Sustainable Development Goals:
-
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