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Access to reliable and affordable electricity is still a pressing issue in many rural cacao growing farms and villages around the world. Researchers at the University of Nottingham may have found a way to address this challenge by converting used cacao pods into biofuel.
In 2017, international market intelligence agency Mintel reported that India is amongst the fastest growing chocolate markets in the world.
The two largest cocoa growing countries, Ivory Coast and Ghana, have teamed together in the hopes of establishing a new price floor for cocoa.
A report by ResearchAndMarkets.com has forecasted the premium chocolate market in Europe to reach USD 13 billion by 2024, with an estimated compound annual growth rate (CAGR) of 8.66% over the next five years.