Cocoa Market in the World and in Slovakia: Example of Supplying Cocoa Powder
2021
Filová, Alexandra | Hrdá, Veronika
The paper analyses cocoa market. Specifically, production in countries which belong to biggest producers of cocoa in the world, consumption of this commodity in European countries which on the contrary belong to countries with the highest consumption of cocoa in the world. By statistical methods of trend equalization, we analyse time series of consumption of cocoa powder in Slovakia from 1990 to 2016. In the last part we compute optimum amount of supply of cocoa powder from Mexico to Slovakia. It is a static model of supply with deterministic movement of demand after this commodity. The amount of supply is selected based on total expected costs which emerge within decision on the acquisition of the given supply. These costs must be minimum.
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Editeur Národné poľnohospodárske a potravinárske centrum, Výskumný ústav ekonomiky poľnohospodárstva a potravinárstva
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