New opportunities for the cocoa market

The global cocoa supply crisis, caused by climate issues, the advance of pests like the CSSV virus, and aging crops in Ivory Coast and Ghana, has created space for other players in the market. According to Hedgepoint Global Markets, international prices have skyrocketed in 2024 and 2025, stimulating investments in new producing hubs. Brazil, which was once a global production leader, has regained relevance. After facing a strong downturn due to "Witch's Broom" disease, the country has been investing not only in crop recovery but also in expanding processing capacity, currently estimated at almost 300,000 tons — higher than national production. To meet this demand, the country imports beans while exporting mainly cocoa powder and butter, with Argentina standing out as the primary destination. According to Carolina França, a Hedgepoint analyst, recent projects have been boosting cocoa cultivation in the Southeast, North, and Northeast, using technology and high-performance clones. ...