Cacao Production Will Keep Rising In 2015

Projections are that next year's global grain production will remain insufficient to meet the growing demand, raising the international price to historically high levels.

Wednesday, December 3, 2014

In the international market the price of cocoa reported a 10% increase up to September this year, reaching $3.39 per ton of grain in the stock market in New York. It is expected that this trend will continue in 2015 due to high demand for the product.

Andreas Jacobs, Chairman of Barry Callebaut, told the AFP that "... We can not give numbers because much depends on the production that we will have, but we do expect high demand and better prices. We expect higher prices next year. Do not know by how much, but they could be the best of the last 10 years. " reports that "... Juergen Steinemann, CEO of the company, said that 'demand for cocoa and chocolate has been greater than production, a problem that will continue next year.' "

More on this topic

More Competition in the Cocoa Market

August 2014

This year Ecuador could surpass Brazil as the largest producer of cocoa in America, with an expected increase of 9% in production, estimated at 240 thousand tons.

Like other producers of the grain, Ecuador is taking advantage of the surge in global demand for chocolate, devoting more resources to the cocoa industry in the country.

Costa Rica: The Business of Adding Value to Cocoa

July 2014

Although local cocoa farming has declined, artisanal chocolate producers are taking advantage of increased global demand and are exporting to markets such as Switzerland, Canada and the USA.

Companies producing handcrafted chocolate exported about $8.8 million in 2012 and this figure increased to 9 million in 2013, as a result of the opening of markets such as the U.S., which is the destination of 60% of total exports.

Excellent Prospects for Cocoa

July 2014

Projections are for a deficit of 1 million metric tons globally in 2020 due to the rapid growth in demand for chocolate in Asia.

The growth in demand for chocolate in Asia has made the future price of cocoa soar on the international market, which on July 3 reached $3,097 a tonne on the ICE futures market, the highest level since August 2011.

Global Demand for Cocoa Beans

May 2014

It is estimated that in Asia alone demand for the grain will increase between 5% and 9% in the next four to five years, opening up opportunities for high quality cocoa for america producers.

Encouraged by the deficit of about 175,000 tonnes in the last world harvest, the return of traditional consumers in Europe and the United States and increasing consumption in emerging countries, cocoa prices rose by 25% in 2013 and continued to rise in early 2014, reaching a cost per ton of £1,900 ($3.200 U.S. dollars) in London and more than $3,000 in New York.

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