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 …

regimes on global cocoa trade. STATA statistical tool was employed in analyzing panel data from 10 leading cocoa … materials and products. Most cocoa-producing countries grow cocoa as a cash crop, thus, rely heavily on the trade of cocoa beans … and other product. Therefore, it would be counterintuitive to have all the profits from the trade of cocoa to be wiped out …