Peruvian exports of cocoa and derivatives could reach 160 thousand tons for around US$ 1.1 billion by the end of 2024

Published 2024년 10월 1일

Tridge summary

Between January and August 2024, Peru experienced a significant increase in cocoa and its derivative exports, with a volume increase of 61% to 102,169 tons and a value increase of 241% to US$ 745 million compared to the same period in the previous year. This surge is attributed to a global decrease in cocoa supply due to adverse climatic conditions and the CSSVD in major producing countries like the Ivory Coast and Ghana. As a result, the average price of cocoa per kilogram rose by 112% to US$ 7.29. These developments have temporarily positioned cocoa and its derivatives as the third-largest export in Peru's agricultural sector, following avocado and coffee. Projections predict a further increase in exports to 160,000 tons valued at US$ 1.1 billion by year-end. October 1 is recognized as the Day of Peruvian Cocoa and Chocolate, highlighting the importance of sustainable cocoa production in the country, which is celebrated alongside its status as a major producer and exporter of organic cocoa. The industry faces challenges such as the aging of plantations, with about 30% in need of renovation.

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

Original content

(Agraria.pe) Between January and August 2024, Peruvian exports of cocoa and its derivatives reached 102,169 tons for US$ 745 million, reflecting an increase of 61% in volume and 241% in value compared to the same period of the previous year. This was reported by the consulting firm Fresh Fruit, who noted that in the period analyzed this year, the average price was US$ 7.29 per kilogram, 112% higher than the previous year. This significant increase in price is explained by the lower supply of the grain worldwide due to the lower production of the Ivory Coast and Ghana, the main producers of cocoa globally, which were affected by climatic factors and the spread of the Cocoa Swollen Sprout Virus (CSSVD). This result obtained by cocoa and its derivatives from Peru has favored its temporary entry into the Top 3 of the Peruvian agricultural basket in the first eight months of 2024, only behind avocado and coffee. According to Fresh Fruit projections, at the end of this year, shipments ...

Source: Agraria