From Bahia to the World: Brazil Cocoa Dominance and QuoMarkets Latest Trading Instruments

July 7th is celebrated as World Chocolate Day. 

According to the Brazilian Export and Investment Promotion Agency (ApexBrasil), Brazil ranks as the 7th largest producer and exporter of cocoa and its derivatives worldwide. Data from the National Association of Cocoa Processing Industries (AIPC) indicate that last year, Brazil exported 33,521 tons of chocolate and 54,756 tons of cocoa byproducts, generating $226 million. The primary destinations for Brazilian chocolate are Argentina, the United States, and Chile.

ApexBrasil, in collaboration with the Brazilian Association of Chocolate, Cocoa, Peanut, Candy, and Derivatives Industry (Abicab), has been promoting Brazilian chocolate internationally since 1998 through the Brasil Sweets & Snacks project. This initiative aims to establish Brazilian cocoa as a high-quality raw material for fine chocolate production and to facilitate market access for industry companies and producers.

The Brazilian states of Bahia and Pará account for 90 percent of the country's cocoa production, which is cultivated in agroforestry systems that help preserve the Atlantic Forest and the Amazon.

Despite facing numerous challenges in its cocoa sector, Brazil boasts a comprehensive cocoa and chocolate value chain, contributing approximately BRL 22 billion to the annual GDP. Over the years, the country has shown significant progress in modernization and productivity across various crops.

Take advantage of QuoMarkets new offerings: USD/BRL and Cocoa by starting to trade with QuoMarkets now!