The Ivory Coast and Ghana are the world's leading producers of the primary ingredient in chocolate confectionery products. Cocoa beans thrive in equatorial climates. The two countries have been working together to establish a minimum price for cocoa beans, which is the main crop of the nations. Like OPEC, in crude oil, the West African countries would like to ensure the revenues from their cocoa production each year.
Commodity production tends to be a local affair, but consumption is ubiquitous. The world's most populous nation is China, and the demand for chocolate has been rising