Big Cocoa: Price Struggles In West Africa - Large corporations, also known as Big Cocoa, control the price of raw cocoa on the West African market and keep global prices low. But what can be done about this and how are prices actually set?

Big Cocoa: Price Struggles In West Africa (2024)
Interviews: Paul Schoenmakers, Michel Arrion, Axel Emmanuel Gbaou, Antonie Fountain, Terry Collingsworth
Genre: Documentary
Country: Germany
Language: English

Synopsis:
Around 5 million farmers produce cocoa beans worldwide, and they are exposed to the direct effects of world market prices for raw cocoa on a daily basis. Large corporations control the price of raw cocoa on the West African market and keep prices low. In 2020, Côte d'Ivoire called for a regulated minimum price for raw cocoa, and in 2022 the EU enforced stricter supply chain laws. However, it remains unclear whether these measures will actually lead to fair prices for West Africa in the long term. Moconomy interviewed VOICE Network, Tony's Chocolonely, Chocolatier Ivoirienne, the ICCO and human rights lawyer Terry Collingsworth to investigate how cocoa prices are set in the West African trade in raw cocoa - an issue that continues to cause controversy.

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Africa is a continent rich in natural resources with a young population. African nations in theory have the potential to transform their economies. But many of them are facing mountains of debt.

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Resources and links:

LA Times, Why Chinese students still want to attend U.S. universities
https://www.latimes.com/world-....nation/story/2025-02

Interest in studying in US dropped 42% in January
https://www.universityworldnew....s.com/post.php?story

There are already 130,000 fewer international students in the US. Has anyone noticed?
https://distributedprogress.su....bstack.com/p/theres-

Already facing Trump administration cuts, US colleges risk losses from another revenue source: foreign students
https://www.cnn.com/2025/04/18..../us/international-st

SEVIS Data Shows Declining Number of International Students in the United States
https://www.aau.edu/newsroom/l....eading-research-univ

Wall Street Journal, Chinese Students on U.S. Campuses Are Ensnared in Political Standoff
https://www.wsj.com/politics/p....olicy/china-us-stude

Tracking College Closures and Mergers
https://www.bestcolleges.com/r....esearch/closed-colle

The Demographic Cliff: What It Means for College Admissions and Higher Education
https://www.applerouth.com/blo....g/the-demographic-cl

US: New survey shows international student recruitment shifting to India in 2023
https://monitor.icef.com/2023/....07/us-new-survey-sho

Why the Next Wave of International Students May Come From Africa
https://www.bestcolleges.com/n....ews/wave-of-internat

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In the sequel to last weeks Bitlocker hack. This time I look at VeraCrypt and some of it's unique capabilities. Abilities that will take your breath away. A perfect tool to not only keep your data secure but also ensure your secrets remain secret.

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⁣Title: How to Start a Multi-Million Dollar Farm in Ghana – Video Replay
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Cocoa prices are hitting historic highs, as Western commodities markets are registering deficits of 478,000 tons of cocoa beans.

This is the result of a strategy by West African countries Ghana and Ivory Coast, the two biggest suppliers of cocoa to global markets. Beginning in 2019, they partnered with Chinese firms to process their cocoa in-country, and to sell their product directly to Chinese companies.

By cutting out speculators and traders in Western brokerages, and going around marketing and branding companies in the US and Switzerland, producers in Africa and their buyers in China keep far larger profits for themselves. West African suppliers more than double their exports by grinding their cocoa beans in-country, and Chinese firms realize far higher margins and a guaranteed supply of the world's high-quality processed cocoas.

Resources and links:

Substack, for video transcript and direct links
https://kdwalmsley.substack.co....m/p/now-its-chocolat

Swiss Info, Can China help African cocoa producers outmanoeuvre Big Chocolate?
https://www.swissinfo.ch/eng/b....usiness/can-china-he

China’s Chocolate Market – Trends and Industry Overview
https://www.china-briefing.com..../news/chinas-chocola

CNBC, Cocoa prices climb to new record high, prompting fresh warnings about extreme volatility
https://www.cnbc.com/2024/12/1....7/cocoa-prices-rally

Chart, 2024 coco prices
https://www.instagram.com/navi....amarkets/p/DECxW-OhJ

The chocolate price spike: what’s happening to global cocoa production?
https://www.sustainabilitybynu....mbers.com/p/cocoa-pr

ING, Tightness lingers in the cocoa and coffee market
https://think.ing.com/articles..../tightness-lingers-i


Closing scene, Mount Wuyi River, Fujian province

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Resources and links:

Substack, for video transcript and direct links
https://open.substack.com/pub/....kdwalmsley/p/trumps-

Novo’s Wegovy Launched in China at a Fraction of US Price
https://www.biospace.com/drug-....delivery/novos-wegov

Bloomberg, Novo Nordisk Launches Wegovy in China With Prices Below US
https://www.bloomberg.com/news..../articles/2024-11-18

Fortune, Novo Nordisk launches Wegovy in China with prices well below U.S.
https://fortune.com/2024/11/18..../novo-nordisk-launch

China's Rising Role On The Global Stage In The Oncology Market
https://www.outsourcedpharma.c....om/doc/china-s-risin

Toripalimab Becomes First Immunotherapy Drug Approved for Nasopharyngeal Cancer
https://www.cancer.gov/news-ev....ents/cancer-currents

The US is relying more on China for pharmaceuticals — and vice versa
https://www.atlanticcouncil.or....g/blogs/econographic

Major Life Sciences Licensing Deal Trends in China in 2023
https://www.goodwinlaw.com/en/....insights/publication

Wall Street Journal, U.S. Drugmakers Are Breaking Up With Their Chinese Supply-Chain Partners
https://www.wsj.com/health/pha....rma/china-manufactur

Reuters, Merck signs up to $3.3 billion cancer drug deal with China-based LaNova
https://www.reuters.com/busine....ss/healthcare-pharma

Merck licenses Chinese cancer drug, searching for next Keytruda blockbuster
https://www.statnews.com/2024/....11/14/merck-keytruda

PBS, How Russian oil is reaching the U.S. market through a loophole in the embargo
https://www.pbs.org/newshour/s....how/how-russian-oil-

CBS News/60 Minutes, Russia works around international sanctions designed to cripple the economy amid war with Ukraine
https://www.cbsnews.com/news/r....ussia-works-around-i

Politico, Grappling with supply chain crunch
https://www.politico.com/newsl....etters/politico-puls

A Bilateral Approach to Address Vulnerability in the Pharmaceutical Supply Chain
https://www.csis.org/analysis/....bilateral-approach-a

Closing scene, Blue Moon Valley, Lijiang, Yunnan