The cocoa industry refers to the sector of the economy that is involved in the production, processing, and distribution of cocoa beans and cocoa products. It encompasses various activities, including the cultivation of cocoa trees, harvesting cocoa pods, fermenting and drying the beans, and converting them into products such as cocoa powder, chocolate, and other confections. The cocoa industry plays a significant role in the economies of several developing countries, particularly in West Africa, where a large percentage of the world’s cocoa is produced. This industry is also intertwined with issues related to sustainability, ethics, and fair trade, as it faces challenges concerning labor practices, environmental impacts, and market fluctuations. As a global market, the cocoa industry is essential for numerous businesses and consumers, with chocolate being one of the most popular products derived from cocoa.
Rising cocoa prices have made Valentine's chocolate gifts more expensive than ever, impacting chocolatiers and consumers alike. Chocolatier Dominique Persoone notes the challenge many face, some closing shop during Valentine's,…