The high volatility of the world cocoa price makes the millions of cocoa farmers in the developing world highly … or demand. Therefore, we test the hypothesis that the price elasticities of the global cocoa supply and demand are low …. We describe the global cocoa market with cointegration dynamic supply, demand and price submodels. Our OLS, 2SLS, and SUR …

unequal distributional outcomes in GCCs. The paper assesses national price stabilisation in the top cocoa-producing countries … Côte d'Ivoire and Ghana against changing inter-firm governance and price-setting institutions in the cocoa GCC. Based on … over 50 interviews with commodity trading houses (CTHs) and cocoa sector actors in Côte d'Ivoire and Ghana, our analysis …