Cocoa prices surge and importers turn focus to Vietnam's growing regions

게시됨 2024년 10월 16일

Tridge 요약

Cocoa prices have seen a significant increase due to a supply shortage in West Africa and South America, caused by climate change, leading to opportunities for farmers in Việt Nam. However, processing businesses face challenges with rising raw material costs and unfair competition. Despite these challenges, the country's cocoa is praised for its authentic flavor and is in high demand for chocolate production. To capitalize on this opportunity, Việt Nam needs to increase its cocoa production and plans to host a conference to connect global producers and traders with its businesses.

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원본 콘텐츠

A scarcity in supply has drawn the attention of corporations and businesses involved in processing and importing to focus on cocoa-growing regions in Việt Nam. In recent months, the price of fresh cocoa has surged, reaching VNĐ12,000 per kg (US$0.48) for fresh pods, three to four times higher than in previous years. The price hike is attributed to a significant supply shortfall in West Africa and South America in 2024, largely due to climate change. Meanwhile, global demand for cocoa-based products continues to grow. Farmers have benefited significantly from these market changes. Chu Văn Coón, a farmer with 1.6 hectares of cocoa in Phú Hòa commune, Định Quán district, Đồng Nai Province, said: "We are very excited that cocoa prices have multiplied. Income from cocoa is now far higher than many fruit crops that once topped the profitability charts." However, it poses challenges for cocoa processing businesses. Đặng Tường Khanh, General Director of Trọng Đức Cocoa Company, said that ...

출처: WTOCenter