Peru's cocoa exports surged 489% in July, driven by rising international prices and other factors

Peru's cocoa exports experienced a significant surge in July, reaching 22,500 tons, an 116% increase year-on-year, as per FreshFruit, a business consulting company. Despite fresh avocados remaining the leading export in terms of value, cocoa became the product with the largest revenue growth. From January to July, cocoa exports earned $371 million, marking a 294.8% increase compared to the previous year. This growth is part of a broader increase in non-traditional product exports, which reached $1.814 billion in July, a 294.8% year-on-year increase. The rise in cocoa prices, driven by a shortage in West Africa and adverse weather conditions in Peru last year, is expected to benefit Peru and Ecuador. This year, cocoa exports are projected to generate approximately $1 billion in economic income for Peru, nearly four times the income from the previous year.

Peruvian website "infomercado.pe" reported on the 11th that data released by FreshFruit, a business consulting company in the Peruvian agricultural product export industry, showed that in July, Peru's cocoa exports also achieved a significant increase, reaching 22,500 tons, a year-on-year increase of 116%. Although fresh avocados still maintain their leading position in terms of export value, at US$1.006 billion, cocoa is the product with the largest increase in export value. In July, cocoa exports increased by 489% year-on-year; in the first seven months, cocoa exports reached US$371 million, a year-on-year increase of 294.8%. It is worth mentioning that in July, Peru's non-traditional product exports achieved a significant increase, reaching US$1.814 billion, a year-on-year increase of 294.8%. The increase was 34.6%, mainly due to the solid performance of agricultural products. According to data released by the International Cocoa Organization, cocoa prices fell slightly after ...