Tridge summary
Brazil's cocoa processing experienced a significant decline in the fourth quarter of 2024, with a 5.5% decrease to 59,589 metric tons, as reported by the National Association of Cocoa Processing Industries (AIPC). The total cocoa grinding in Brazil for the year fell by 9.5%, reaching 229,334 tons. This downturn is attributed to high cocoa prices impacting demand and production challenges like severe drought and plant diseases affecting local bean deliveries, which were down by 18% to 179,431 tonnes. Additionally, Brazil imported only 25,501 tonnes of cocoa in 2024, a notable decrease from the previous year's 43,106 tonnes.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
By Marcelo Teixeira (Reuters) - Cocoa processing in Brazil, the world’s fifth-largest chocolate market, fell 5.5% in the fourth quarter of 2024 to 59,589 metric tons as high prices for the raw material hurt demand, the National Association of Cocoa Processing Industries (AIPC) said on Tuesday. “In the last two quarters, we have seen a significant drop in cocoa grinding in Brazil, indicating a reduction in demand for cocoa products,” said Anna Paula Losi, director of AIPC, an association of companies with operations in the country including Barry Callebaut, Cargill and Olam. Losi said companies in the sector are facing rising production costs due to sharp increases in cocoa prices over the past two years. Cocoa grinding in Brazil in 2024 fell 9.5% to 229,334 tons, the AIPC said. Cocoa arrivals to factories in Brazil also fell due to lower production ...
Source: NoticiasAgricolas
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