The cities of Ilhéus and Itabuna, cities in the south of Bahia and traditional cocoa producers, reached a record in the price of the product in Bahia. Information was released by the Secretariat of Agriculture, Livestock, Irrigation, Fisheries and Aquaculture (Seagri) this Wednesday (9).
According to information from Seagri, the closing price of cocoa remains at R$300 for every 15 kilos of the commodity, the highest price recorded this year. Price is a historic record and has been maintained since October 31st. In January, a bar of cocoa was priced at R$200.
The appreciation of the product is also reflected in the international market. Also according to Seagri, in London, a ton of cocoa reached 3,416 pounds sterling this Wednesday. This is the highest value of the product since international commodity negotiations began in 1920.
According to the analysis of agronomist and director of Seagri, Thiago Guedes, the increase in the value of cocoa in 2023 is due to the growing interest of the chocolate industry on a global scale. Furthermore, this phenomenon can be attributed to the reduction in crop production in West Africa. For him, this scenario highlights the importance of Bahian cocoa production.
Bahia has a planted area of approximately 439 thousand hectares in the south of the state. In 2021, the sector generated around R$1.8 billion, equivalent to 5% of the Gross Production Value (VBP) of crops in Bahia.
Furthermore, approximately 70% of the properties where there are producing establishments are family farming properties.
Cocoa produced in Brazil has gained relevance in the production sector internationally and is participating in the most important award in the world for cocoa farming: the Cocoa of Excellence, 2023 edition. Three Brazilian cocoa samples are among the 50 best in the world and compete for the title of best of the world.