‘An overview of the history of cocoa, the factors affecting its production and consumption as well as how the trade is conducted, various risks mitigated, and by whom. …The International Cocoa Trade is a work designed to inform all on the subject of cocoa and an essential guide for those involved in its trade.’
Dr J. Vingerhoets, Executive Director, ICCO
Cocoa is a valuable commodity, and the cocoa trade involves many different parties from growers and exporters through dealers and factories to those trading futures and options and the banks they deal with. The International Cocoa Trade provides an authoritative and comprehensive review of the cocoa trade at the beginning of the twenty-first century, and the main factors that drive and affect that business.
The opening chapter of the third edition examines the history and origins of the international cocoa trade, and its recent developments. The agronomics of cocoa production are discussed in chapter two whilst chapter three deals with the environmental and practical factors affecting cocoa production. Chapters four, five and six cover issues around the export and trading of physical cocoa, including the actuals market, the physical contracts used and the futures and options markets. In chapter seven, the international consumption and stocks of cocoa are reviewed with chapter eight discussing the issue of quality assessment of cocoa beans for international trade. Finally, chapter nine focuses on the end product, examining the processing of cocoa beans and the manufacture of chocolate. Updated appendices provide copies of some of the most important documents used in the cocoa trade, including contracts, sale rules and world production statistics.
This comprehensively updated third edition of The International Cocoa Trade ensures its continued status as the standard reference for all those involved in the production consumption and international trading of cocoa.
1. Cover image - p. Cover 2. Title page - p. Cover 3. Table of Contents - p. Cover 4. Copyright - p. Cover 5. Foreword - p. iv 6. Preface - p. ix 7. Chapter 1: History and origins of the international cocoa trade - p. xiii 8. Chapter 2: Agronomics of international cocoa production - p. 22 9. Chapter 3: Environmental and practical factors affecting cocoa production - p. 64 10. Chapter 4: The physical market in the international cocoa trade - p. 93 11. Chapter 5: Physical contracts used in the international cocoa trade - p. 118 12. Chapter 6: Futures and options markets in the international cocoa trade - p. 149 13. Chapter 7: International consumption and stocks of cocoa - p. 189 14. Chapter 8: Quality assessment of cocoa beans for international trade - p. 218 15. Chapter 9: Cocoa bean processing and the manufacture of chocolate - p. 267 16. Appendix I: Strategic/recorded pesticides for use in cocoa and those that must be avoided - p. 289 17. Appendix II: The Federation of Cocoa Commerce Ltd Cocoa Bean Rules for: contract, weighing, sampling and quality - p. 294 18. Appendix III: Specific FCC sale rules applicable for: cocoa beans in bags on CIF landed weights with payment by documentary credit - p. 390 19. Appendix IV: FCC contract rules for shipment of packed cocoa products - p. 412 20. Appendix V: CMAA cocoa contracts - p. 459 21. Appendix VI: NYSE Liffe Cocoa futures contract - p. 486 22. Appendix VII: NYSE Liffe Extracts from the ‘Grading and Warehousekeeping Procedures in respect of Cocoa and Robusta Coffee Futures Contracts’ - p. 549 23. Appendix VIII: ICE Futures U.S.®, Inc. Cocoa Rules - p. 566 24. Appendix IX: List of recognised methodologies for cocoa beans and products as published by CAOBISCO and ISO - p. 612 25. Appendix X: Information to monitor and interpret while following the evolution of the cocoa market - p. 616 26. Appendix XI: ICCO statistics of the world production, grindings and summary - p. 620 27. Index - p. 631
‘An overview of the history of cocoa, the factors affecting its production and consumption as well as how the trade is conducted, various risks mitigated, and by whom. …The International Cocoa Trade is a work designed to inform all on the subject of cocoa and an essential guide for those involved in its trade.’
Dr J. Vingerhoets, Executive Director, ICCO
Cocoa is a valuable commodity, and the cocoa trade involves many different parties from growers and exporters through dealers and factories to those trading futures and options and the banks they deal with. The International Cocoa Trade provides an authoritative and comprehensive review of the cocoa trade at the beginning of the twenty-first century, and the main factors that drive and affect that business.
The opening chapter of the third edition examines the history and origins of the international cocoa trade, and its recent developments. The agronomics of cocoa production are discussed in chapter two whilst chapter three deals with the environmental and practical factors affecting cocoa production. Chapters four, five and six cover issues around the export and trading of physical cocoa, including the actuals market, the physical contracts used and the futures and options markets. In chapter seven, the international consumption and stocks of cocoa are reviewed with chapter eight discussing the issue of quality assessment of cocoa beans for international trade. Finally, chapter nine focuses on the end product, examining the processing of cocoa beans and the manufacture of chocolate. Updated appendices provide copies of some of the most important documents used in the cocoa trade, including contracts, sale rules and world production statistics.
This comprehensively updated third edition of The International Cocoa Trade ensures its continued status as the standard reference for all those involved in the production consumption and international trading of cocoa.
1. Cover image - p. Cover 2. Title page - p. Cover 3. Table of Contents - p. Cover 4. Copyright - p. Cover 5. Foreword - p. iv 6. Preface - p. ix 7. Chapter 1: History and origins of the international cocoa trade - p. xiii 8. Chapter 2: Agronomics of international cocoa production - p. 22 9. Chapter 3: Environmental and practical factors affecting cocoa production - p. 64 10. Chapter 4: The physical market in the international cocoa trade - p. 93 11. Chapter 5: Physical contracts used in the international cocoa trade - p. 118 12. Chapter 6: Futures and options markets in the international cocoa trade - p. 149 13. Chapter 7: International consumption and stocks of cocoa - p. 189 14. Chapter 8: Quality assessment of cocoa beans for international trade - p. 218 15. Chapter 9: Cocoa bean processing and the manufacture of chocolate - p. 267 16. Appendix I: Strategic/recorded pesticides for use in cocoa and those that must be avoided - p. 289 17. Appendix II: The Federation of Cocoa Commerce Ltd Cocoa Bean Rules for: contract, weighing, sampling and quality - p. 294 18. Appendix III: Specific FCC sale rules applicable for: cocoa beans in bags on CIF landed weights with payment by documentary credit - p. 390 19. Appendix IV: FCC contract rules for shipment of packed cocoa products - p. 412 20. Appendix V: CMAA cocoa contracts - p. 459 21. Appendix VI: NYSE Liffe Cocoa futures contract - p. 486 22. Appendix VII: NYSE Liffe Extracts from the ‘Grading and Warehousekeeping Procedures in respect of Cocoa and Robusta Coffee Futures Contracts’ - p. 549 23. Appendix VIII: ICE Futures U.S.®, Inc. Cocoa Rules - p. 566 24. Appendix IX: List of recognised methodologies for cocoa beans and products as published by CAOBISCO and ISO - p. 612 25. Appendix X: Information to monitor and interpret while following the evolution of the cocoa market - p. 616 26. Appendix XI: ICCO statistics of the world production, grindings and summary - p. 620 27. Index - p. 631
