Brazil: Cocoa supply crisis turns into an opportunity for Western Bahia

Published 2024년 5월 16일

Tridge summary

Western Bahia, a region known for its cotton and soybean production in Brazil, is experiencing a shift towards cocoa cultivation due to declining West African cocoa production caused by adverse weather conditions, aging trees, and pests. This shift has attracted both independent producers and large agribusinesses like Cargill and Barry Callebaut, with plans to plant thousands of hectares of cocoa. The potential increase in Brazil's cocoa production could nearly double the country's harvest to 400,000 tons by 2030, potentially making Brazil the world's third-largest cocoa producer. Other Latin American countries, such as Colombia and Ecuador, are also increasing their cocoa production due to higher global prices.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

With West African cocoa production falling due to bad weather, aging trees and pests, rural producers in western Bahia saw an opportunity. The hot, dry region, famous for families who built fortunes exporting cotton and soybeans, are now growing cocoa for the first time. The trees are still young, and most of them have at least a year left to produce fruit, but the potential for gains is great. This has attracted independent producers and agribusiness giants. Cargill partnered with Schmidt Agrícola to plant 400 hectares of cocoa one hour from the city of Barreiras. Swiss chocolate company Barry Callebaut plans a high-tech partnership to develop around 5,000 hectares of cocoa plantations in the state. Families that already grow fruit or commodities in the region are also adding rows of cocoa trees, hoping to regain a global market in which producers in the south of the state, on the outskirts of Ilhéus and Itabuna, already had an enormous weight. If production in western Bahia ...

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