Global: High cocoa prices are expected to continue for the next three years

(Agraria.pe) At a global level, cocoa is going through an excellent moment in terms of price (it reached a peak of US$ 12,000 per ton, and currently fluctuates around US$ 8,000) and this will continue for the next three years. This was indicated by the manager of the Peruvian Association of Cocoa Producers (APPCacao), Luis Mendoza Aguilar, who pointed out that prices will remain relatively high, because the problems of cocoa production in Africa have not yet been solved. He explained that in Ivory Coast and Ghana (main cocoa producing countries at a global level) an incidence of the cocoa swollen shoot virus has been reported, so there is a deficit of 500 thousand tons of cocoa at a global level, which has generated this situation of high prices. “This is positive because it is the first time that cocoa producers can cover their production costs and have a significant surplus, which has motivated producers to return to their farms, give them better agronomic management; invest in ...