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Brazil’s cocoa grind rises 3.5% in October, industry group says

Nov, 17, 2022 Posted by Gabriel Malheiros

Week 202246

Brazil’s cocoa processing, the world’s fifth-largest chocolate consumer, increased by 3.5% in October compared with the same period a year earlier to 20,766 tonnes, industry group AIPC said in a report on Nov 16.

Considering cumulative grinding in the year to October, the industry is still lagging the same period in 2021 by 0.4%. Total grinding in the period was 186,122 tonnes.

AIPC said that locally-produced cocoa delivered at processing plants in Brazil reached 16,810 tonnes last month, 22% more than in the same period a year before.

The group said there were no imports of cocoa into Brazil in October. Imports in the year so far are at only 11,034 tonnes, versus 46,757 tonnes for the same period in 2021.

Brazil’s cocoa exports, in turn, remained relatively stable, with only a small decreasing tendency overall. See below the track record of cocoa exports in containers from Brazil between Jan 2019 – Sep 2022. The data is from DataLiner.