Agriculture
Agricultural Streaming: Harvesting Opportunity
Many farm operators are significantly under capitalized, offering excellent and overlooked investment opportunities. Agricultural streaming, borrowing from the streaming business model of energy and metals companies, takes advantage of this opportunity by bridging the gap in funding needed for farm working capital.
Markets
The World’s Top Cocoa Producing Countries
Here are the largest cocoa producing countries globally—from Côte d’Ivoire to Brazil—as cocoa prices hit record highs.
The World’s Top Cocoa Producing Countries
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West Africa is home to the largest cocoa producing countries worldwide, with 3.9 million tonnes of production in 2022.
In fact, there are about one million farmers in Côte d’Ivoire supplying cocoa to key customers such as Nestlé, Mars, and Hershey. But the massive influence of this industry has led to significant forest loss to plant cocoa trees.
This graphic shows the leading producers of cocoa, based on data from the UN FAO.
Global Hotspots for Cocoa Production
Below, we break down the top cocoa producing countries as of 2022:
Country | 2022 Production, Tonnes |
---|---|
🇨🇮 Côte d'Ivoire | 2.2M |
🇬🇭 Ghana | 1.1M |
🇮🇩 Indonesia | 667K |
🇪🇨 Ecuador | 337K |
🇨🇲 Cameroon | 300K |
🇳🇬 Nigeria | 280K |
🇧🇷 Brazil | 274K |
🇵🇪 Peru | 171K |
🇩🇴 Dominican Republic | 76K |
🌍 Other | 386K |
With 2.2 million tonnes of cocoa in 2022, Côte d’Ivoire is the world’s largest producer, accounting for a third of the global total.
For many reasons, the cocoa trade in Côte d’Ivoire and Western Africa has been controversial. Often, farmers make about 5% of the retail price of a chocolate bar, and earn $1.20 each day. Adding to this, roughly a third of cocoa farms operate on forests that are meant to be protected.
As the third largest producer, Indonesia produced 667,000 tonnes of cocoa with the U.S., Malaysia, and Singapore as major importers. Overall, small-scale farmers produce 95% of cocoa in the country, but face several challenges such as low pay and unwanted impacts from climate change. Alongside aging trees in the country, these setbacks have led productivity to decline.
In South America, major producers include Ecuador and Brazil. In the early 1900s, Ecuador was the world’s largest cocoa producing country, however shifts in the global marketplace and crop disease led its position to fall. Today, the country is most known for its high-grade single-origin chocolate, with farms seen across the Amazon rainforest.
Altogether, global cocoa production reached 6.5 million tonnes, supported by strong demand. On average, the market has grown 3% annually over the last several decades.
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