The physical market in the international cocoa trade
Abstract:
This chapter covers the history of the physical or actuals market, and its evolution from spot sales to a modern market using standardised contracts with arbitration services and allowing forward sales. The main origin countries’ individual methods of marketing their cocoa following liberalisation of Marketing Boards and Caisse de Stabilisation are discussed, together with the role of bulk cocoa and the economics of processing at origin. The changing role of the brokers, dealers, processors and chocolate manufacturers is included.
Key words
physical market
actuals
spot market
forward sales FCC
CMAA
Marketing Boards
Caisse de Stabilisation
free markets
processing at origin
Get The International Cocoa Trade, 3rd Edition now with the O’Reilly learning platform.
O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.
