The impact of climate on global cocoa production 2023-2024

Published 2024년 10월 14일

Tridge summary

The article, sourced from Agraria.pe, discusses the significant challenges posed by climate change on the global cocoa production cycle, as highlighted by expert Gilder Meza using data from the International Cocoa Organization. Africa, the continent that dominates the world's cocoa production, is experiencing a dramatic decline due to adverse weather conditions, with the Ivory Coast, the largest producer, anticipating a substantial drop. In contrast, America's production is on the rise, led by Ecuador, and Asia and Oceania are experiencing more stable production, with Indonesia as the leading country. This trend results in a worldwide significant decrease in cocoa production, falling from 5,050 thousand tons in 2022/23 to 4,332 thousand tons in 2023/24, a 14% drop, underscoring the severe impact of climate change on cocoa quality and supply.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

(Agraria.pe) The climate and its constant variations, which impose difficulties on crops, has become a key factor to take into account for the productive and commercial cycles of cocoa in the world. With this perspective, Gilder Meza, a specialist in the cocoa production chain, made an analysis of the global production of this product based on information from ICCO (the International Cocoa Organization). Africa continues to lead, but with climatic difficulties: Despite maintaining more than 70% of world production, this continent faces a drastic reduction in production, going from 3,719 thousand tons in 2022/23 to 3,042 thousand tons in 2023/24. “The hardest blow is taken by the Ivory Coast, the world's largest producer, where a drop from 2,241 thousand tons to 1,740 thousand tons is projected. This decrease can be mainly attributed to droughts and irregular rainfall patterns, generating uncertainty for cocoa farmers,” he explains. America on the rise: Its upward path continues ...
Source: Agraria

Would you like more in-depth insights?

Gain access to detailed market analysis tailored to your business needs.
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.