In Brazil, the national cocoa receipt drops 31% in the first quarter of 2024

Published 2024년 4월 15일

Tridge summary

The cocoa industry faced significant challenges in the first quarter of 2024, with a notable decline in the processing and receipt of national beans, attributed to the impacts of El Niño and diseases such as witches’ broom and brown rot. This resulted in a 31% drop in volume received and a 6% decrease in grinding, alongside a 56% fall in imports and a 23% decline in exports. The situation was exacerbated in Côte d'Ivoire, the world's leading cocoa producer, where shipments decreased by 27% due to the adverse effects of El Niño and dry Harmattan winds, leading to a hotter and more arid climate. This has contributed to a global cocoa market facing its third consecutive deficit, pushing the stock-to-demand ratio to its lowest in decades, despite cocoa prices reaching historic highs on the international market due to tight supply and challenges in West Africa.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

In the same period, the industry processed around 6% less, compared to the first three months of 2023. The first quarter of 2024 recorded a 31% drop in the volume of national beans received by the cocoa processing industry. There were 18.7 thousand tons received in the period, in contrast to the 27.2 thousand tons received in the first three months of 2023, according to data compiled by SindiDados – Campos Consultores, and released by the National Association of Cocoa Processing Industries ( AIPC). “In the first quarter of every year, a lower volume of receipts is expected, but this year the drop was more than 30% compared to 2023, and this reduction is mainly due to the impacts of El Niño and diseases such as witches’ broom and brown rot”, explains the executive president of AIPC, Anna Paula Losi. Receipt by state Bahia was responsible for just over 61% of the total volume of national almonds received by the processing industry in the first quarter of 2024, totaling 11.4 thousand ...

Source: Mercado Do Cacau