Chocolate is made from seeds or beans in the pod-like fruit of the Theobroma cacao tree.
While the terms are often used interchangeably, there’s actually a difference between cocoa and cacao.
Manufacturers of raw (unroasted) or less processed cacao products prefer cacao rather than cocoa, which may imply that they are more natural products.
At harvest, cacao beans are fermented to develop flavor and texture. Dried beans are roasted unless a raw product is desired. Roasting more fully develops the chocolate flavor and gives them some sweetness. The beans are then crushed and separated from their outer hulls, resulting in broken cacao pieces called nibs. Nibs are ground, producing a non-alcoholic liquor.
Cacao powder is made from fermented beans that have not been roasted. These beans are processed at low temperatures and then milled into a powder. Cacao powder is bitter in taste and higher in nutritional content.
Cocoa powder on the other hand is made from beans that are both fermented and roasted, and then processed at a much higher temperature. The result is a less bitter, slightly darker powder that has lost some of its nutritional value.
Both cacao and cocoa products are good source of iron, fiber, magnesium, and are rich in compounds including antioxidant flavanols.
In 2019 the top importers of Cocoa Beans were Netherlands ($2.2B), Germany ($991M), Malaysia ($895M), United States ($869M), and Belgium ($729M).
TOP WORLD EXPORTER
TOP WORLD IMPORTER
|IVORY COAST: $3.84B||NETHERLANDS: $2.2B|
About 15,500 metric tons of certified organic cocoa beans are sourced from the following countries:
Madagascar, Tanzania, Uganda, Belize, Bolivia, Brazil, Costa Rica, Dominican Republic, El Salvador, Mexico, Nicaragua, Panama, Peru, Venezuela, Fiji, India, Sri Lanka, Vanuatu, Ghana.
Organic cocoa commands a higher price than conventional cocoa, usually ranging from $100.00 to $300.00 per metric ton.
The biggest producers of cocoa are Ivory Coast and Ghana which together account for more than 60% of the world’s output.
Cocoa is traded on New York Mercantile Exchange (NYMEX) and the Intercontinental Exchange (ICE) in London. The size of each cocoa contract on the NYMEX is 10 metric tons.
The price remains much below $3,000.00 reported in November due to coronavirus-related restrictions for restaurants and shops and unsold supplies in top producer Ivory Coast.
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