Record cocoa prices favor and encourage producers in Espírito Santo, Brazil

Published 2024년 6월 18일

Tridge summary

Cocoa producers in Espírito Santo, Brazil, are experiencing significant economic benefits due to record-high cocoa bean prices on the international market, with prices more than doubling from January to June this year. Espírito Santo, the third largest cocoa producer in Brazil, has seen increased production and exports, particularly from Linhares. Cocoa farming, often a supplementary income for family-run farms, is supported by state government and research institutions. The 'Women of Cocoa' project, in collaboration with Incaper, is empowering women in cocoa cultivation, further boosting local economies. Cocoa derivatives from Espírito Santo reached 45 countries last year, with notable exports to Uruguay, Bolivia, and Argentina.

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

Original content

Currently, the record price of cocoa beans on the international market favors producers dedicated to cocoa farming in Espírito Santo. The marketed value of the product more than doubled from January to June this year. The rise in prices encourages farmers in the state, which is the 3rd largest Brazilian producer of cocoa, with significant production in 45 municipalities in Espírito Santo. Linhares is the largest producer and accounts for 69.78% of state production. In Espírito Santo, cocoa is a supplementary income for many farmers and is present in 2.60% of rural establishments (2,806 establishments), with 69% of establishments producing cocoa being family farming (1,924 establishments). The ten largest producing municipalities account for more than 91% of production, according to a survey by the Data and Analysis Management of the State Secretariat for Agriculture, Supply, Aquaculture and Fisheries (Seag). In 2023 alone, it is estimated that cocoa production will reach 13.7 ...

Source: Mercado Do Cacau