Cocoa Commodity is a Member of the Grown Commodity Group

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Cocoa Commodity is a Member of the Grown
Commodity Group
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(No Transcript)
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• Cocoa Commodity is a food derived from the dried
  and fermented seeds (beans) of the obroma Cacao
  plant, which means food of the gods in Greek.
  Its primarily used to make chocolate. The Mayans
  first cultivated cocoa trees more than 5,000
  years ago and made a ritual beverage from the
  seeds. In the 15th century, Spain began to
  acquire cocoa, and by the 17th century cocoas
  popularity had spread throughout Europe.
• Cocoa is the name given to the seeds of the cocoa
  tree and the powder produced from these. The
  Cocoa Commodity tree is an evergreen tree with
  the biological name Theobroma cacao (food of
  the gods), which is resident in the tropical rain
  forest and can reach a height of 15 metres. Cocoa
  powder is needed to produce chocolate and is one
  of the most important export commodities from the
  developing countries.

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• The cocoa plant is relatively demanding. It only
  grows on nutrient-rich soil at temperatures in
  excess of 16 degrees. It also requires large
  amounts of water. The only regions which are
  suitable for cultivating cocoa are the warmest
  and rainiest tropics between the 20th parallel
  north and the 20th parallel south. Although there
  are around 20 different species of cocoa, only
  two species are used to produce chocolate
  Criollo and Forastero. Criollo makes up just 15
  per cent of the worlds cocoa output, but it is
  the most expensive and highest quality cocoa
  species. Its producing regions are in South
  America.
• The most important producers of Cocoa Commodity
  are the Ivory Coast, Ghana, Malaysia and Brazil.
  Cocoa is imported primarily by rich
  industrialised countries such as the USA and
  Europe. Within Europe, Germany is one of the main
  importers of cocoa.

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• Cocoa Commodity was discovered over 3,000 years
  ago. The Mayas and the Aztecs worshiped the cocoa
  tree and used a drink made from its fruits in
  religious rituals. The tremendous importance of
  cocoa is also apparent from the fact that they
  sacrificed gold, precious stones and cocoa to
  their dead. Cocoa beans were also used as a means
  of payment. In Europe, chocolate was a luxury
  product for a long time and could be found in
  every noble household from the baroque era
  onwards. In England, however, chocolate was
  already being consumed by ordinary citizens,
  while in Italy, France and Germany it was still
  reserved to royalty. Spain held the monopoly on
  cocoa until 1728, when it relinquished control of
  the cocoa trade to Holland. When, during the 19th
  century, the middle classes rose up against the
  nobility, drinking chocolate was initially
  forgotten. It was not until the industrial
  revolution that cocoa and products produced from
  it enjoyed a resurgence in popularity.

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