Peru exported 102,169 tons of cocoa and derivatives for US$ 745 million between January and August

Published Sep 23, 2024

Tridge summary

The global cocoa market has seen price fluctuations due to a production drop in West Africa, leading to increased demand for Peruvian cocoa beans. This demand has driven prices to historic highs, benefiting Peruvian and Ecuadorian producers. In July, Peru achieved a record in exports, both in volume and value. However, potential improvements in production in other countries and speculation in the futures market have led to a significant price drop in August. Despite these uncertainties, cocoa is projected to end the year as one of the top exports for Peru.

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

Original content

(Agraria.pe) The world cocoa market has suffered great fluctuations due to various reasons. Since the first half of the year, the main suppliers of the world located in West Africa faced a significant production drop that left the main demanders of the world without supplies. This generated fluctuations in the price of cocoa and in the production of the main cocoa derivatives. In the Peruvian case, cocoa beans are usually exported (71% share) and this was greatly favored in price due to the great demand that was had around the world for this presentation. This coincided with a strong recovery and growth of cocoa production throughout the Peruvian territory. The main demanders are usually the cocoa processors, which can have very active competition given the complexity in obtaining high quality products derived from cocoa. Currently, the main clients of Peruvian exporters are in Southeast Asia due to the drop in production in countries that used to serve them, such as the Ivory ...

Source: Agraria