The commodity cocoa refers to cocoa beans, the dried seeds from the Theobroma Cacao, or cocoa tree. The tree is native to the Americas, specifically the Southern Hemisphere, and has been a major part of the area’s history, though now the vast majority of the trees exist in West Africa.
In fact, cocoa beans were used as a common currency in many areas prior to the Spanish conquest. Now, cocoa is used all over the world to create chocolate and other products, such as cocoa butter. Many consume cocoa beans because of the benefits associated with them, for example, improved cardiovascular health. As an investment, cocoa has become a popular commodity for investors looking to cash in its sweet gains.
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In fact, cocoa beans were used as a common currency in many areas prior to the Spanish conquest. Now, cocoa is used all over the world to create chocolate and other products, such as cocoa butter. Many consume cocoa beans because of the benefits associated with them, for example, improved cardiovascular health. As an investment, cocoa has become a popular commodity for investors looking to cash in its sweet gains.
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