Venezuelan cocoa becomes bright spot in dismal economy

Global Business

The price of cocoa, the raw material of chocolate, has been booming in recent years, in part because of increased demand from Asian consumers. The biggest price growth has been with the aroma beans, used in the finest chocolate. That’s good news for small producers in Venezuela. The Latin American country’s wider economy is in the midst of a sharp downturn. CCTV’s Stephen Gibbs filed this report.

Venezuelan cocoa becomes bright spot in dismal economy

Venezuelan cocoa becomes bright spot in dismal economy

The price of cocoa, the raw material of chocolate, has been booming in recent years-partly owing to increased demand from Asian consumers. The biggest price growth has been in the rare "aroma beans", used in the finest chocolate. That's been good news for small producers in Venezuela. The Latin American country's wider economy is in the midst of a sharp downturn. CCTV's Stephen Gibbs filed this report.

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Photos: Venezuelan cocoa seeing high demand

LINKS:
Venezuela Cacao Alliance: http://venezuelacacao.org
Tisano cacao (exporters in story) : tisano.com
Patrick Pineda on Twitter:  https://twitter.com/KingofCacao


Shawn Hackett on the future of cocoa farming
For more on the future of cocoa farming, CCTV’s Philip TK Yin spoke to Shawn Hackett, president of Hackett Financial Advisors.

Shawn Hackett on the future of cocoa farming

Shawn Hackett on the future of cocoa farming

For more on the future of cocoa farming , CCTV's Michelle Makori spoke to Shawn Hackett, President, Hackett Financial Advisors