Economic (Cocoa)

Cocoa is a crop grown largely by smallholder farmers in the lowland tropics, including parts of Latin America, West Africa, and Indonesia. Worldwide, there are approximately 5-6 million cocoa farmers. Every year 3 million tons of it are produced. For the past 100 years, the demand for cocoa has steadily increased by 3% each year. This industry's current global market value of annual cocoa crop is $5.1 billion. In conclusion, the production of cocoa allows many jobs, products, and is a large income for the world.

Products from Cocoa:
-Cereals
-Chocolate
-Lotions and cosmetic items
-Liquor
-Powder