By Naveed Qazi | Editor, Globe Upfront T he international demand for cocoa has risen in recent years. As there is low supply and high demand, there had been a price rise and the scenario forced many cocoa beans grinding units to close their operations. The price of cocoa has increased up due to Ebola crises and weather conditions such as El Nino when ocean temperatures rise in the eastern Pacific. However, since last year, there seems to be a slump in the cocoa prices. Countries such as the Ivory Coast have been heavily dependent on cocoa production. It produces world’s 40 percent of cocoa. Around 7 million people are associated with the industry. Big companies such as Mars, The Hershey Company and Nestle mostly use Ivorian cocoa for the production of their chocolate and have been expanding into the region Around 34,000 hectares of land have been destroyed by the farmers in Ivory Coast because they are planning to ma...