{"id":6318,"date":"2012-11-21T14:40:37","date_gmt":"2012-11-21T19:40:37","guid":{"rendered":"http:\/\/panamaadvisoryinternationalgroup.com\/blog\/?p=6318"},"modified":"2012-11-21T16:27:53","modified_gmt":"2012-11-21T21:27:53","slug":"cocoa-shortages-and-price-increases-expected","status":"publish","type":"post","link":"https:\/\/panamaadvisoryinternationalgroup.com\/blog\/cocoa-shortages-and-price-increases-expected\/","title":{"rendered":"Cocoa Shortages and Price Increases Expected"},"content":{"rendered":"

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Last week I found some cocoa pods in our local vegetable market and made some fresh homemade hot chocolate, what a treat.\u00a0 I have been told that there is a huge opportunity to grow this crop in Bocas del Toro and it is now becoming feasible to start a small plantation.\u00a0 Like coffee, it takes 4 years from planting to production. \u00a0 Here is another sign of support for that sector<\/p>\n

The sustained growth in demand for cocoa will continue next season, with prices exceeding $2,600 per tonne.<\/p>\n

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An article in Emol.com reports that “cocoa mills will increase production coming to a peak in the next two years, in order to meet the record demand for chocolate, in a time when the dip in supply from West Africa has resulted in the first seed shortages to have occurred in three seasons. Processing will see a jump in orders going up 4.9% compared to the season that began Oct. 1, according to Bethlehem, a risk consultancy staple goods located in Pennsylvania, who for 17 years has kept track of the market. ”<\/p>\n

“Chocolate sales will climb by 5.7% to reach U.S. $108,000 million, as calculated by the London-based Euromonitor International Ltd. Prices will rise by 7.8% and will be located at around $2,643 per metric ton during the first half of 2013 in London, according to the average estimates of 17 analysts sought out by Bloomberg. ”<\/p>\n

Source: Emol.com<\/p>\n

Here is where chocolate and cocoa butter comes from:<\/p>\n

You might be wondering where cocoa butter comes from? What plant can produce cocoa butter?\u00a0 Well, cocoa seeds are harvested from cocoa trees and meticulously processed to acquire the cocoa butter. The cocoa tree that produces cocoa beans has been cultivated since the days of the Mayan Civilization in Central America. It has been popular since cocoa seeds can either be turned into chocolates, medicines, drinks, cocoa butter, and as ingredients in cosmetics.<\/p>\n

A Swedish Botanist gave the cocoa tree its Greek name, Theobroma Cacao<\/em> and the botanical name is,\u201dfoods of the gods\u201d. Cocoa trees usually grew in tropical Countries. It grows up to 25 feet high with dark green leaves and needs to be shaded from direct sunlight. If these trees are planted in a well shaded environment it would have a good harvest. So the farmers would plant cocoa trees beside fast growing tall trees like coconuts and bananas to have a permanent shade.<\/p>\n

A cocoa tree bears fruit after four years. Before the rainy season it bears flowers in abundance with colors of pink and white. These flowers would eventually develop into fruits called the cacao pod but only a few flowers would develop into becoming a fruit. The time frame from flower buds in becoming a fruit takes five months. The tree itself is quite unique from other fruit bearing trees in the tropical regions because cacao pods can be seen growing forth from the trunks and branches. The farmers had to prune and cut off some of the branches and leaves to make a good harvest of cacao beans. The color of unripe fruit is color green and as it ripens it turns to yellow-red or golden-orange colored. The weight of cacao pod can be 500 grams and with lengths up to 20 centimeters. Inside the cocoa pod are 20 to 40 beans and each bean measures 2 centimeters. It offers two harvests each year. Countries that had vast plantations of cacao trees are Philippines, Indonesia, Malaysia, Brazil, Ghana, Central America, and South America.<\/p>\n

There are three types of cocoa beans and within these types has different varieties. The names include Criollo, Forastero, and Trinitario which are the hybrid of Criollo and Friostoro.<\/p>\n