COVID-19, living income differential and decline in income of cocoa producers in C..te d'Ivoire. (Agriculture et syst..mes alimentaires face .. la Covid-19.) [French]

Cocoa farmers in C..te d'Ivoire are mostly below the poverty line. In September 2019, the Ivorian and Ghanaian governments imposed the Living Income Differential (LID) on private companies, an additional $ 400 per ton compared to the international market price, passed on to the producer price (farm gate price). At the beginning of 2020, the Covid-19 arose. In this dual context, how did prices change? Has the hope of increased income been achieved? Three approaches are used: (a) monitoring of the selling price of cocoa beans and monitoring of the price of purchased cocoa farming inputs and basic necessities for households;(b) monthly monitoring of farm gate cocoa price in 2020-2021;(c) an analysis of national production data from C..te d'Ivoire and Ghana, the world price, variations in the demand for beans by the grinding industry, and the price paid to producers, over 20 years. The first result is a very temporary and limited rise in the farm gate price of cocoa at the end of 2020, then its fall in 2021 as the price of inputs and basic necessities soar. The 2021-2022 campaign is even more harmful with a tightening of the price scissor. It is therefore the failure of the LID, but the role of Covid-19 in this failure is very nuanced with regard to the declarations of the State and the multinationals. The drop in prices and the loss of income for cocoa farmers in 2020-2022 rather fits into the economic theory of games. Without control of their supply, an agreement between two companies or countries cannot work. The failure is part of a largely endogenous structural change: demographic growth, policies to encourage migration and deforestation, opacity of the sector and finally continued growth of the supply of cocoa from C..te d'Ivoire on the international market.

Competitiveness of southeast Sulawesi, Indonesia's leading export commodity cocoa in the international market

One of Indonesia's cocoa bean production centers is Southeast Sulawesi Province with a production value of 115,023 tons, with a total export value of US$ 1.5 billion in 2019. The export value of this cocoa commodity is still quite high during the Covid-19 pandemic. According to Trademap data, the value of Indonesia's cocoa exports in 2021 will reach US$1.2 billion, only down 2.9% from the previous year. The problems faced in cocoa development are the quality of the product is still low, the development of upstream and downstream cocoa products has not been optimal, and the continuity of cocoa supply has not been fulfilled. This study aims to analyze the development of cocoa commodity exports and measure the level of competitiveness of Southeast Sulawesi cocoa in the international market. The analytical method used to see the development of cocoa exports is quantitative descriptive using library research and to analyze the competitiveness of Southeast Sulawesi cocoa using the Revealed Comparative Advantage (RCA) formula. The data used in this study is time series data from 2011-2021. Based on the results of research conducted, it shows that the development of Indonesia's cocoa exports in 2011-2021 fluctuated wherein the decline and increase occurred during the last 10 years, while the development of Southeast Sulawesi cocoa exports could be seen in 2015-2021 with fluctuating increases and decreases. Meanwhile, the results of the competitiveness analysis using the RCA method on cocoa in Southeast Sulawesi during the 2011-2021 period showed a fluctuating RCA value with an average of 4.8. With a value of more than 1, it means that Southeast Sulawesi cocoa commodities have strong competitiveness or it can be said that they also have a comparative advantage.

Cocoa company's financial performance during the COVID-19 pandemic: an economic value added (EVA) approach

The Covid-19 pandemic brings around a multidimensional crisis that sway the world's economy and believed to affect the performance of any industry. Cocoa processing industry, which is well known greatly contributes to Indonesia's economy, is one of industry that is suspected has a significant effect to the performance of Indonesia's economy. As one of export commodity, during the pandemic (2019-2020) the cocoa processing industry contributed for about USD 548 million to total Indonesia's foreign exchange. This lead to a question: does the increase implies that the cocoa processing industry has a good financial performance? Therefore, this study aims to evaluate the financial performance of two cocoa processing company before and during Covid-19 pandemic by occupying the financial report of PT Bumi Teknokultura Unggul TBK and PT Wahana Interfood Nusantara from 2018 till 2020. The Economic Value Added approach was used to evaluate the financial performance of both company. The result of Economic Value Added (EVA) Analysis confirmed that this pandemic seem affecting the financial performance of the two company, which is both company's performance tend to decrease. Yet, a different performance between the two was depicted as well by EVA, in which the EVA of PT Wahana Interfood Nusantara is positive while the PT Bumi Teknokultura Unggul Tbk's is negative. This implies that PT Wahana Interfood Nusantara has a better financial performance than PT Bumi Teknokultura Unggul Tbk.

Agri-food trade in 2020

The year 2020 marked one of the biggest recessions in global economic activity and world trade. During this period, the EU economy contracted by 6% and its international trade followed a similar downward trend - EU exports of goods decreased by 9% and imports by 12%, compared to 2019. By contrast, EU international trade in agri-food reported a slight growth. Over the course of 2020, the value of EU agri-food exports increased to 184.3 billion (a growth of 1.4% compared to 2019), while the value of imports rose to 122.2 billion (a growth of 0.5%). As a result, the EU further reinforced its leading position among the world's biggest exporters. On the import side, the EU has become the third largest importer after the US and China. The contraction in global trade was accompanied by increasing prices of food, including commodities as evidenced by the increases reflected in the FAO Global Price Index. The EU exports a wide range of products from all parts of the value chain which demonstrates the competitiveness of the EU agri-food sector in a variety of product classes ranging from commodities to highly processed food industry products. EU imports, on the other hand, are clearly dominated by basic agricultural food and feed products, which represent about 75% of all imports. Looking at product categories, exports of pig meat and wheat strongly contributed to the increase in EU overall agri-food exports. Conversely, spirits and liqueurs as well as wine are among the sectors that experienced a difficult period for a number of reasons (e.g. the COVID pandemic, US retaliatory tariffs). The growth in EU agri-food imports was mainly driven by increases in import values for oilseeds, other than soya beans;fatty acids and waxes, palm oil, fruit including tropical fruit, and soya beans. China, Switzerland and the Middle East and North Africa (MENA) region were the major growth destinations for EU agri-food exports in 2020. The value of EU exports fell most to the United States, Turkey, Singapore and Japan. In terms of imports, Canada grew significantly as a source for the EU imports. By contrast, EU imports declined most in value from the United Kingdom, Ukraine and the United States. In 2020, the UK has become the EU's most important partner in agri-food trade, with a share of 23% in total EU agri-food exports and 13% in total imports. With EU exports and imports both decreasing, its trade surplus with the US increased by 2% when compared to 2019, as falls on the imports side were stronger. China became the top destination for US agri-food exports. EU agri-food exports to China were primarily driven by continued record high sales of pig meat which increased by 74%. Pig meat and meat offal - the latter mainly comprised of products originating from pigs - accounted for over 40% of EU exports to China in 2020, demonstrating the importance of this market for the pig meat sector. Brazil's exports to China continued to increase in 2020, absorbing 35% of its total agri-food exports. Combined agri-food exports from Brazil to the EU and the US now account for half of Brazilian exports to China. In 2020, Brazil supplied 50% of extra-EU demand for soya beans and 40% for oilcakes. Wheat continued to be the leading EU export product to Africa with a 23% share of the EU's total export basket, whereas cocoa beans dominate in the EU imports from Africa, with the same share of 23%. Most African countries benefit from duty-free, quota-free access to the EU market under the "Everything But Arms" scheme and for many of them Economic Partnership Agreements (EPAs) or other trade agreements with the EU are applied, encouraging regional cooperation and trade. In 2020, the EU applied 45 free trade agreements (FTAs) with 77 partners. The share of agri-food trade under preferential agreements is also expanding and in 2021, it accounted for 31% and 41% of total EU agri-food exports and imports, respectively. The value of EU agri-food trade under preferential agreements expanded more in relative terms compared to total EU agri-food trade. EU agri-food ex

Political economy of the oil palm value chain in Ghana

Oil palm (Elaeis guineensis) is of strategic importance to the Ghanaian economy. It is the second most important industrial crop after cocoa and is used widely in local food preparation as well as in industrial processing. In spite of its importance, however, oil palm has consistently underperformed since the early twentieth century. This paper conducts a value chain analysis of the crop, foregrounding the political economy factors that shape the performance of the sector. It draws on a combination of in-depth interviews conducted in March 2020 with a variety of value chain actors and a review of the secondary literature. Additionally, between late May and early June 2020, twelve further interviews were conducted as part of a rapid market survey to assess the impact of the COVID-19 pandemic on the value chain.

The political economy of the cocoa value chain in Ghana

The cocoa sector has, historically, been the backbone of the Ghanaian economy. Many households depend directly on the cocoa sector for livelihoods, and aspects of the cocoa industry, such as input supplies to farmers and cocoa pricing, have historically featured prominently in national and local politics. This paper examines the basic underlying political economy dynamics of the cocoa value chain, with particular focus on how the interests, powers and interactions of various actors along the value chain have contributed to agricultural commercialisation in Ghana. The paper also explores the challenges affecting the cocoa value chain, social difference within the chain, and how various segments of the cocoa value chain have been affected by the COVID-19 pandemic in Ghana since March 2020.

Theobroma cacao L. compounds: Theoretical study and molecular modeling as inhibitors of main SARS-CoV-2 protease.

Cocoa beans contain antioxidant molecules with the potential to inhibit type 2 coronavirus (SARS-CoV-2), which causes a severe acute respiratory syndrome (COVID-19). In particular, protease. Therefore, using in silico tests, 30 molecules obtained from cocoa were evaluated. Using molecular docking and quantum mechanics calculations, the chemical properties and binding efficiency of each ligand was evaluated, which allowed the selection of 5 compounds of this series. The ability of amentoflavone, isorhoifolin, nicotiflorin, naringin and rutin to bind to the main viral protease was studied by means of free energy calculations and structural analysis performed from molecular dynamics simulations of the enzyme/inhibitor complex. Isorhoifolin and rutin stand out, presenting a more negative binding ΔG than the reference inhibitor N-[(5-methylisoxazol-3-yl)carbonyl]alanyl-l-valyl-N~1~-((1R,2Z)-4-(benzyloxy)-4-oxo-1-{[(3R)-2-oxopyrrolidin-3-yl]methyl}but-2-enyl)-L-leucinamide (N3). These results are consistent with high affinities of these molecules for the major SARS-CoV-2. The results presented in this paper are a solid starting point for future in vitro and in vivo experiments aiming to validate these molecules and /or test similar substances as inhibitors of SARS-CoV-2 protease.