Background study for a project on modelling and forecasting the markets for cocoa and chocolate. Cocoa powder is an intermediate product that is widely used in the food industry. The paper develops a simulation model for the intermediate cocoa powder market showing the intricate relations with...

Large chocolate manufacturers have committed themselves to only using certifiedcocoa beans and some governments want to increase the share of certified cocoaproducts consumed in their countries. Thus, Voluntary Sustainability Standards(VSSs) become quasi-mandatory for cocoa producers and...