(TODAY NICARAGUA) It has been projected that the international price, which is trading above $3,200 a metric ton, will maintain its upward trend, favoring Nicaraguan producers.
Demand for chocolate is pushing up grain prices, which is complemented by a decline in cocoa production in other countries engaged in farming.
Manfred Günkell, general manager of Ritter Sport in Nicaragua, told Elnuevodiario.com.ni that “… the tendency is that it will rise or at least be maintained. The probability that things will be this way is because countries like China and India are consuming more chocolate and in producing countries like Ghana and Ivory Coast, representing approximately 50% of world production, plantations are becoming less productive … “.
Günkell says that opportunities in cocoa show it “… as a very profitable crop for Nicaragua and it could replace areas of land that are ceasing to be suitable for coffee …”.