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Author(s): Alexandra Filová, Veronika Hrdá

Title: Cocoa Market in the World and in Slovakia: Example of Supplying Cocoa Powder

Source: International Scientific Days 2018 :: Towards Productive, Sustainable and Resilient Global Agriculture and Food Systems :: Proceedings

ISBN: 978-80-7598-180-6


Publisher: Wolters Kluwer ČR, Prague

PY, pages: 2018, 756-765

Published on-line: 2018-11-09

Language: eng

Abstract: The paper analyses cocoa market. Specifically, production in the countries which belong to the biggest producers of cocoa in the world, consumption of this commodity in the European countries which, on the contrary, belong to the 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 minimal.

Keywords: optimal order quantity, supplies, consumption, production, cocoa

JEL Classification: M2, C32, D2

Rights:Open Access :: Creative Commons BY-NC-SA 4.0 International Licence
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Toto dielo je publikované pod/This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International Licence.