Cocoa Futures, Fundamental factors
Cocoa Futures traded in new York at the American branch of the exchange ICE, the quotations Cocoa Futures continuously monitored thousands of suppliers, industrial consumers and investors around the world. The annual turnover of the world production of confectionery, beverages and other products of cocoa exceed $70 billion. The birthplace of cocoa are the Amazon rainforest, but at the present time it is cultivated in many tropical countries, lying mainly between 10? North and South latitude. The crop is harvested twice a year, for the first time at the end of the rainy season before the beginning of the drought, and the second time - before the start of the rainy season.
The main products of processing of beans of cocoa beans cocoa mass, cocoa butter and cocoa powder. All of them are essential components in many directions of the food industry. For example, cocoa liquor and cocoa butter is used as the main component in the production of chocolate and chocolate products, and cocoa powder finds the widest application in confectionery, dairy and bakery industries. In addition, it is actively used for the production of chocolate drinks. In recent times, after the diverse medical research, some of the components of the fruits of cocoa find application in the pharmaceutical industry.
Fundamental factors Cocoa Futures
The basic areas of cultivation are in Central America and Africa. The largest producer of cocoa - the Cote d'ivoire. Other large producers are Indonesia, Ghana, Nigeria, Brazil and Cameroon. World production is increasing in average by 2.4% in the year, in the past year were harvested 3.5 million tonnes. The method of cultivation is different from continent to continent. In America it is predominantly a large plantations, whereas in Africa small - very small enterprises. The main consumers are the following regions: the European Union, North America, Australia, Japan and Brazil. Consumption is growing on average by 1.3% per year.
