Cocoa, the main ingredient in chocolate, is a major source of income for many farmers. Producers of high value cocoa beans are able to capture higher prices on the international market and overcome economies of scale challenges by focusing on high-value markets. Belize has historically been successful in the cocoa industry and has a long history of cultivation, dating back to Mayan civilization. However, supply disruptions and organizational challenges threaten future growth. This report uses the global value chain framework to map Belize's current participation in the cocoa industry and identify ways to increase SMEs participation in the industry.
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