The international cocoa trade / Robin Dand.

Dand, Robin.

Bibliographic record and links to related information available from the Library of Congress catalog
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		Preface	vii

1		History and origins	1
		The beginning	1
		Early production	5
		Early consumption	7
		Forastero cocoa and cocoa production since 1840	16
		Prices	18

2		Agronomics	21
		Classification	21
		The cocoa tree	24
		Climatic requirements	25
		Soil	26
		Methods of production	28
		The plantation	30
		Pruning	34
		Nutrients	35
		Diseases and pests	38
		Harvesting and post-harvest practice	46

3		Production	54
		Evolution of production	54
		Recent trends - 1981/82 - 1990/91	61
		Factors affecting production	66
		Factor
		Smallholders and estates	73
		Setting up	75
		The historical perspective	79

4		The actuals market	81
		Introduction	81
		Export marketing	85
		The other participants	97
		The recent past	100

5		Physical contracts	102
		Similarities of the contracts	102
		Contract terms	104
		Contract performance	115

6		Terminal markets	124
		Introduction	124
		Organisation of futures markets	129
		Players	137
		Trading techniques	141
		Exchange for physicals against actuals	146
		Options	147
		Regulatory bodies	151
		Conclusion	152

7		Consumption and stocks	153
		The uses of cocoa	153
		Measuring consumption	154
		Factors affecting consumption	166
		Stocks		174
		The International Cocoa Organization and the Buffer
		Stock	178
		Conclusions	183


8		Quality assessment of cocoa beans	185
		Faults occurring in cocoa	187
		Overall condition of the parcel	194
		Sampling	198
		The cut-test; procedure, fault definition and standards	204
		Limitations of the cut-test and ideas on its replacement	209
		Factors important to the butter presser	217
		Factors important to the chocolate manufacturer	220
		Fine and flavour cocoa	222
		Achieving quality cocoa	224


9		Cocoa bean processing and the manufacture
		of chocolate	227
		Initial processing	228
		Cocoa liquor or mass	231
		Methods of cocoa butter and powder production	233
		Cocoa butter	235
		Cocoa powders	242
		Chocolate production	243

		Bibliography	249

		Appendix I      AFCC cocoa contracts	252

		Appendix II	CAI, cocoa contracts	275

		Appendix III	CMAA cocoa contracts	290
	
		Appendix IV Cocoa trade rules of the CSCE	310

		Appendix V      Cocoa contract rules and trading
			procedure rules of the London Commodity Exchange.	343

		Appendix VI Comparison of various cocoa bean quality
			standards	352

		Appendix VII ICCO statistics of the world summary,
			production and grindings	357

		Index	367