The market for cocoa powder
The paper analyses the forces that shape demand and supply processes in the market for cocoa powder. A brief statistical summary is given of the main trends in international demand and production, and the spatial shifts in cocoa processing. Ample attention is given to the role of technology substitution and price factors in production decisions. The paper separately analyses the role of price, income levels and government regulation in the demand for cocoa powder. In the final part of the paper, all preceding elements are brought together in an integrated simulation model of the cocoa processing industry, showing the interactions between the market for cocoa powder and other elements of the cocoa industry (cocoa, cocoa butter, cocoa liquor, chocolate). Empirical evidence is presented with regard to main parameters of the model.
|Date of creation:||06 Dec 2004|
|Date of revision:|
|Note:||Type of Document - pdf; pages: 37. Background paper for 'Modelling and forecasting the market for cocoa and chocolate', Economic and Social Institute (ESI), Free University Amsterdam, August 2000|
|Contact details of provider:|| Web page: http://econwpa.repec.org|
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