13-Oct-2021 | Market Research Store
According to a new study conducted bythe researchers at the University of Surrey, biotechnology is the missing factor that can help cocoafarmers get better cost prices for beans.These cocoa beans are widelyused in the production of candiesand different beverages. These beans are also known as energy boosters, astheycontain caffeine and an ample amount of carbohydrates. The taste of cocoa beans varies throughout the development phase. For example, duringthe juvenile phase of the plant, these beans taste sweet while after ripening, their taste becomes bitter like dark chocolate.
Chocolate is being consumed across the world in different forms. Therefore, theglobal chocolate industry generates yearly revenue ofUSD 80Billion.Despite the increasing market capitalization, cocoa traders are opting foraverage quantity beans from the farmers, who adopt poor cultivation approaches to grow coca plants. This situation has arisendue to the fluctuating prices of the beans that lead to the reduction in the sustainability of cocoa gains.Theresearchers specified that series of biomarkers have been identified according to the geographical position of the plant, which is well-versed in the research article published in the journal Supply Chain Management.
The novel study depicts that several biomarkers present in the plants cangenerateunique and stable barcodes that help provide an identity to the plant. Hence, these biomarkers can be used to discover the farm from where a particular lot of beans were harvested.Professor Glenn Parry from the University of Surreystated that the chocolate industry has suffered through 100 years of slavery in the supply chain.Moreover, numerous ethical issues are yet to be tackled by the authorities and traders. Hence, improvement in supply rangefrom farmers is crucial to provide maximum retail value for the beans purchased from the producers and ownersof any cocafarm. This research study willassist in developinga directpathway to bring the harvested food item from the farms to the consumers.