The cocoa industry is a global multi-billion dollar industry that faces numerous challenges at the farm level. Cocoa is largely grown on smallholder farms in equatorial Africa, which face poverty, declining productivity, volatile prices and lack of funding for investment, as well as human rights...

The paper analyses cocoa farmers' integration into global markets taking into account trade reforms in five cocoa producing countries. The analysis investigates price transmission mechanisms from world to domestic cocoa markets in the context of trade liberalizing policy reforms. The empirical...