Brazil Cocoa Bean insights

In 2024, the cocoa sector in Brazil faced a challenging scenario, marked by a significant reduction in the receipt of almonds and grinding by the processing industry. During the year, 179,431 tons of cocoa almonds were received, a drop of 18.5% compared to the 220,303 tons in 2023, according to data compiled by SindiDados – Campos Consultores and released by the National Association of Cocoa Processing Industries (AIPC). In the fourth quarter, the reduction was significant, with 54,435 tons received, 5% below the 57,353 tons in the same period of the previous year. This performance reflects the impacts of adverse climate factors and the incidence of pests, such as witches' broom and brown rot, which severely compromised national production. "Unfortunately, this year Brazilian production also suffered from extreme weather conditions, and some regions had many problems with pests. Brazil still does not produce enough to meet the needs of the industry installed in the country and, ...

Good news for 90,000 cocoa producers, mostly family farmers and landowners with up to ten hectares in Bahia and Pará: the year ends with record prices and the trend is for an increase in 2025. No agricultural product has risen as much as cocoa on the world market. It was the star of the year in agriculture — prices increased 135% in 2024. In the week before Christmas, it reached a level of 12,605 dollars per ton, equivalent to 75 thousand reais. During the year, cocoa appreciated twice as much as coffee, which increased 70%. Chocolate products are likely to become even more expensive in 2025: the price of cocoa remained high in the last round of negotiations of the year, on Monday (30/12), on the New York and London stock exchanges. It was sold at 11,507 dollars per ton, equivalent to 69 thousand reais. This is a relevant fact for a segment of family-based agriculture, with production concentrated in Bahia and Pará. And it is, above all, good news for the legion of Brazilian producers who

Cocoa and coffee are set to end 2024 as the top-gaining commodities for the second year in a row, taking advantage of a global supply deficit, while steelmaking coal will be the worst performer, hurt by China’s slow growth. Looking ahead, global trade tensions are likely to dominate the commodities landscape in 2025, with Donald Trump’s return to the White House threatening hefty tariffs, analysts said. A strong dollar and gold’s appeal as a safe haven for investors are likely to support precious metals prices, while ample supply could depress oil for a third straight year, they added. The bad news for chocolate lovers is that cocoa has nearly tripled in price over the course of 2024, far outpacing gains in other commodities. The contract hit a record high of $12,931 per metric ton in New York earlier this month on forecasts of a fourth consecutive supply crunch.