Cocoa Association of Asia says consumption may pick up pace in the second half if vaccine roll-outs are successful, travel restrictions are lifted & global economy recuperates.
The International Cocoa Organization in November said India and China will be major drivers of chocolate demand as processing in the West shows signs of weakness.
India is currently one of the fastest-growing chocolate markets, with demand steadily rising over the past years. But chocolate producers are struggling.
Scientists are only just beginning to introduce early detection methods of the disease, which was identified nearly a century ago and has cut Ghana's crop forecast by 11% this season.
The global chocolate market shows no sign of slowing down with the three main cocoa processing regions reporting a rise in cocoa demand in the third quarter from a year earlier.
Indians have a fling for anything sweet and chocolate has become one of their favourite treats as they perceive it as healthy, hence they do not hesitate when it comes to snacking.
India’s private sector remains hesitant to invest in R&D. This is understandable, as the domestic market often fails to reward differentiated technologies adequately.
Speaking at ThePrint OTC Thursday, NSE CEO Ashishkumar Chauhan said the exchange has been trying to list itself since 2016, but it couldn’t happen due to one reason or the other.
Mechanical engineer & alumnus of IIM-A & IAS France, Kota was General Manager in HAL’s Light Combat Aircraft division. He was selected from a pool of eight candidates.
No nation other than China can negotiate one-on-one with Trump on an equal footing. That’s why the middle powers who so far formed the core of multilateral bodies now feel orphaned.
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