Search Results for: Cocoa beans
delivery schedules, quality, and (in the case of agricultural products) crop varieties. they also pass off much of the risks of overproduction, natural losses, and variations in cyclical demand to the suppliers.[ citation needed ] agriculture[ edit ] one example of an oligopsony in the world economy is cocoa
, where three firms ( cargill , archer daniels midland , and barry callebaut ) buy the vast majority of world cocoa bean production, mostly from small farmers in third-world countries. likewise, american tobacco growers face an oligopsony of cigarette makers, where three companies ( altria , brown &...
https://en.wikipedia.org/wiki/Oligopsony