Brazil Q1 cocoa grind jumps 15%, imports up sharply, says industry group

Cocoa processing in Brazil, the world’s fifth largest chocolate market, rose 15% in the first quarter from the same period a year earlier to 64,016 tonnes, industry group AIPC said in a report on Tuesday, April 18.

AIPC reported a sharp rise in Brazilian cocoa imports to 34,781 tonnes in the quarter versus only 3,003 tonnes in similar period in 2022, while cocoa arrivals – or the amount of locally produced nuts that are delivered to plants – fell 6.5% to 27,046 tonnes.

See below Brazil’s imported volume of cocoa (beans and processed) under hs codes 1800 – 1806. The data is from DataLiner.

Cocoa imports into Brazil | Jan 2019 – Feb 2023 | TEU

Source: DataLiner (click here to request a demo)

AIPC director Anna Paula Losi said that the year’s first quarter was very positive regarding processing volumes.

She stated that, despite the high volume of imports seen over Q1, prices in Brazil for cocoa farmers remained attractive, which continued stimulating local production.

AIPC represents Brazil’s largest cocoa processors and traders, including companies such as Cargill, Olam and Barry Callebaut.

Source: Isto é Dinheiro

To read the original news report, see: https://www.istoedinheiro.com.br/moagem-de-cacau-do-2/

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