Different cocoa producing countries have different marketing arrangements. Some protect farmers from price fluctuations, like Ghana. Other markets are fully liberalized and leave it up to the farmer to make a good marketing deal.
The variety of marketing channels is increasing: mainstream cocoa, certified cocoa, specialty cocoa, traceable cocoa... What marketing channel is potentially best for what farmer requires good market information.
This paper of McIntire and Varangis describes cocoa marketing and pricing policies in Ivory Coast.
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