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Bumper crop of cocoa is no sweet deal for African farmers

April 20th, 2017 / MarketPlace, US

Seventy percent of cocoa comes from West Africa, mostly Ivory Coast and Ghana. The supply can swing way up or down depending on political instability and the weather there. “At times coca prices’ annualized volatility can be as much as 20 to 25 percent,” said James Butterfill, head of research …