Brazil Cocoa Expansion Stalls After 70 Percent Price Drop
Cocoa farmers in Brazil have halted new planting projects following a 70 percent price drop. Analysts expect half of industrial-scale plans will be canceled.
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The ambitious expansion of industrial-scale cocoa production in Brazil has encountered a significant setback as a 70% collapse in global prices forces investors and farmers to halt new planting projects. Following a record-breaking surge in 2024, cocoa prices have retreated to approximately $3,000 per metric ton, a level that analysts suggest makes nearly half of the proposed large-scale developments in the country's Northeastern region unfeasible.
