100 mln USD to be invested in Cote d'Ivoire's cocoa (2)

The international cocoa trade stands at 13 billion dollars per year and the chocolate sector, which depends on it, is valued at a yearly 105 billion dollars.

Out of 50 countries producing cocoa in the world, four are in Africa representing 70 percent of the global cocoa produce.

Cote d'Ivoire is the world's biggest producer, making up 40 percent of the worldwide supply.

According to experts, cocoa farming has entered a period of "structural deficit," especially due to the low levels of productivity and quality, the ageing farmers and orchards, increased disease outbreaks, reduced utilization of pesticides and the competition from other products like hevea and palm oil.

The ongoing five-day world conference on cocoa brings together more than 1,000 participants. It is scheduled to examine the strategic challenges to cocoa farming and seek appropriate solutions.

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