CURRENT AFFAIRS

Detailed explanation-1: -In the 2021/2022 cocoa season, around 4.9 million tonnes of cocoa were produced worldwide. Côte d’Ivoire and Ghana are by far the two largest cocoa growing countries, accounting for over 60 % of global cocoa production, followed by Ecuador with 7 %. In Asia, Indonesia is the largest producer country.

Detailed explanation-2: -Two thirds of the world’s cocoa production is provided by two countries. Just under 2 million tonnes of cocoa (annual production) comes from Côte d’Ivoire. Ghana follows with 0.97 million tonnes as number 2.

Detailed explanation-3: -Ecuador. Ecuador is home to some of the best cacao beans in the world. Only approximately 5% of cacao in the world is labeled as “Fine Aroma,” and Ecuador produces nearly 63% of it.

Detailed explanation-4: -Ghana is the second-largest producer of cocoa in the world (after Côte d’Ivoire) with a market share of about 20 percent. Cocoa contributes significantly to the country’s total foreign exchange earnings, second only to mineral exports.