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Cocoa beans (PRACTICE)

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Page 1: Cocoa beans (PRACTICE)
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195%

HISTORY OF PRICING

SOURCE: IMF

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DEMAND

Quantity

Price

Demand 1

Demand 2

Supply

Q

P

Q1

P1

P

QDQS

Excess Demand

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SUPPLY

Demand

Supply 1

Supply 2

Quantity

Price

Supply Deficit

Q

P

Q 1

P 1

P

QDQS

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SPECULATION

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READING LIST & REFERENCESReading List: http://www.allchocolate.com/understanding/how_chocolate_is_made/

at_factory.aspx

References: International Monetary Fund [Online] [Accessed: 4/11/2011] Preliminary Archives [Online] [Accessed: 8/11/2011] Trading Economics [Online] [Accessed: 12/11/2011] Executive Committee (2010) The world cocoa economy: past and

present. ICCO. Retrieved from: http://www.icco.org/documents/documents3.aspx [Accessed 26/10/2011]

Deutsche Bank (2010) Global cocoa production. Financial Times. Available at http://www.ft.com/cms/s/2/28e00036-67a0-11df-a932-00144feab49a.html#axzz1dcf8MHBR [Accessed 13 November 2011]