INSUBCONTINENT EXCLUSIVE:
Brazil aims to double its cocoa production to 400,000 tons by 2030 through the Inova Cocoa 2030 Plan
Industry experts believe this goal is achievable, given the potential for productivity gains and increased farm investments.Currently,
Brazil produces about 200,000 tons of cocoa annually, less than 5% of global production
expertise may soon change this landscape
average of 350 kg per hectare, half of some African regions
Yet, some Brazilian farmers already harvest over 1,000 kg per hectare.Pedro Ronca, director of CocoaAction Brazil, envisions 1,000 kg per
hectare becoming the norm
(Photo Internet reproduction)The plan also aims to expand cocoa cultivation by 120,000 hectares
Strategies include improving productivity, expanding cultivation areas, promoting sustainable practices, and providing technical
assistance.Opportunities and ChallengesCocoaAction has trained technicians to support 2,600 producers in southern Bahia, with plans to reach
High global cocoa prices have created a favorable environment for Brazilian farmers.They receive premiums of $2,000 per ton above
international prices, encouraging more investment in cocoa farms
The global cocoa market has seen significant volatility, with major producers facing climate issues and diseases.This instability led to
historic price highs in early 2024, before stabilizing at around 5,000 pounds per ton
adoption, and supportive policies
