Cocoa Economy
The cocoa economy refers to the production, trade, and consumption of cocoa, which is primarily used to make chocolate. Cocoa is mainly grown in tropical regions, with the largest producers being Ivory Coast, Ghana, and Indonesia. The industry supports millions of farmers and their families, but it also faces challenges such as fluctuating prices, climate change, and labor issues.
Cocoa is processed into various products, including cocoa powder and chocolate bars, which are enjoyed worldwide. The demand for sustainable and ethically sourced cocoa has increased, leading to initiatives aimed at improving the livelihoods of farmers and promoting environmentally friendly practices in the cocoa supply chain.