Coffee and cocoa show slight recovery in 2018

In coffee, the bad prices have been a constant in 2018, so, despite the higher volume, the value of these exports will be lower than in 2017. Prices have discouraged many producers to make more investments and work on their crops , stagnating productivity and affecting the quality of coffee. The CPC estimates that the Peruvian potential for coffee production exceeds 5.5 million bags of 60 kg in 2019, achieving them depends on the policies that are promoted.

The international coffee scene is marked by the continuous growth of countries like Brazil, Vietnam, Colombia that handle more than 50% of the world supply. The productivity in these countries exceeds between 1.5 and 4 times the national production.

Cocoa, on the other hand, has recovered its price with respect to 2017, the average price will exceed US $ 2,500 tons, 20% more than at the beginning of 2018. This trend could be affected by the recent entry into force of European legislation on percentages. of cadmium, however, both companies and cooperatives have already advanced strategies to address the problem: distinguishing origins and assuring compliance with the norm will be protected to protect the position and condition of Peruvian cocoa in this important market.

The coffee and cocoa trade is experiencing a boom, on the one hand the consumption of both products increases in a different way in Europe and the United States, where quality is an increasingly widespread attribute and on which as a country we have options if there is a strategic work. On the other hand, the massification of markets such as Asians, although it pushes consumption, does so to a greater extent with world production, which causes the fluctuations experienced in 2017 by cocoa and 2018 by coffee.