Global cocoa crisis opens new opportunities for Peru

With proper management and the use of drip irrigation technologies, Peru can position itself as a strategic player on the global cocoa stage, taking advantage of the situation faced by major international producers. Holy Week 2025 was one of the most expensive —and bitter— in recent years due to the sharp increase in the international price of cocoa, a fundamental raw material for chocolate. According to the International Cocoa Organization (ICCO), between October and December 2024, prices soared by more than 60% in the main markets of New York and London, reaching historic levels above $11,000 per ton. The main reason is the drop in production in Côte d'Ivoire and Ghana, countries that account for nearly 60% of the global supply. Extreme droughts, the aging of plantations, and the spread of diseases such as CSSV (Cacao Swollen Shoot Virus) have generated a supply crisis that will not be resolved in the short term. A window for Peru This scenario opens an opportunity for emerging ...