Exploring Brazil Cocoa Industry and TradeQuo New Trading Instruments.

World Chocolate Day is celebrated on the 7th of July. 

Based on information from the Brazilian Export and Investment Promotion Agency (ApexBrasil), Brazil ranks as the 7th largest cocoa producer and exporter globally. Statistics from the National Association of Cocoa Processing Industries (AIPC) reveal that Brazil exported 33,521 tons of chocolate and 54,756 tons of cocoa byproducts last year, 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 through the Brasil Sweets & Snacks project since 1998. This initiative aims to enhance the image of Brazilian cocoa as a premium raw material for fine chocolate and facilitate market access for industry companies and producers.

The Brazilian states of Bahia and Pará are responsible for 90 percent of the country’s cocoa production, which occurs in agroforestry systems that help preserve the Atlantic Forest and the Amazon.

Despite facing several challenges in its cocoa sector, Brazil benefits from a complete cocoa and chocolate value chain, contributing approximately BRL 22 billion to the annual GDP. The country has also shown significant progress in modernization and productivity across various crops over the years.

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