IBOV 175,963.54 ▼ 0.38% IPSA 10,960.27 ▼ 0.58% IPC MEX 66,529.27 ▲ 0.85% MERVAL 3,288,122 ▲ 1.82% COLCAP 2,293.65 ▼ 0.22% BVL PERÚ 57,174.37 — — USD/BRL5.08▲ 0.09% USD/MXN17.38▼ 0.28% USD/CLP924.20▼ 0.26% USD/COP3,216▼ 0.62% USD/PEN3.38▼ 0.32% USD/ARS1,476▲ 0.34% USD/UYU40.15▲ 1.04% USD/PYG6,039▲ 1.28% USD/BOB10.65▲ 5.99% USD/DOP 58.30 — 0.00% USD/CRC447.49▲ 0.88% USD/GTQ7.62▲ 2.09% USD/HNL26.73▼ 0.01% USD/NIO36.62▲ 0.31% USD/VES723.93▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.69▲ 0.12% USD/TTD6.76▲ 1.32% EUR/BRL5.82▼ 0.53% BRENT 85.12 ▲ 0.46% WTI 79.76 ▲ 0.53% IRON ORE 161.91 — — COPPER 6.39 ▲ 0.90% GOLD 4,067 ▲ 0.16% SILVER 58.31 ▼ 0.79% SOY 1,202 ▼ 0.46% CORN 469.25 ▲ 8.18% WHEAT 677.75 ▲ 7.37% COFFEE 324.50 ▼ 3.77% SUGAR 14.86 ▼ 0.13% ORANGE JUICE 140.45 ▲ 0.14% COTTON 82.13 ▲ 3.18% COCOA 5,917 ▲ 4.54% BEEF 230.33 ▼ 0.48% CATTLE 344.95 ▼ 1.10% LITHIUM 70.99 ▼ 0.82% PETR4 40.64 ▼ 0.05% VALE3 74.77 ▲ 1.03% ITUB4 43.19 ▼ 1.01% BBDC4 18.64 ▲ 0.05% ABEV3 15.57 ▼ 1.52% BBAS3 20.61 ▲ 0.10% B3SA3 15.79 ▲ 3.00% WEGE3 44.33 ▲ 0.29% PRIO3 57.89 ▲ 0.56% SUZB3 41.58 ▲ 1.14% RENT3 40.43 ▼ 0.27% AZZA3 18.58 ▼ 1.43% CSAN3 3.94 ▲ 1.29% RAIZ4 0.30 ▼ 3.23% PCAR3 2.61 ▲ 6.53% GMAT3 3.96 — 0.00% PSSA3 55.21 ▲ 1.69% CVCB3 1.35 ▼ 2.17% POSI3 3.90 ▼ 2.26% SLCE3 13.46 ▼ 2.53% NATU3 8.70 ▲ 1.75% BRKM5 6.43 ▼ 5.86% RANI3 8.02 ▲ 0.12% CSNA3 5.25 ▲ 0.96% CMIN3 5.21 ▲ 2.16% USIM5 8.22 ▼ 0.12% GGBR4 24.38 ▲ 4.55% ENEV3 26.91 ▼ 0.96% CPFE3 46.98 ▼ 0.47% CMIG4 11.15 ▼ 0.45% EQTL3 40.41 ▼ 1.32% LREN3 14.02 ▼ 1.89% VIVT3 35.48 ▼ 0.11% RAIL3 14.04 ▼ 0.64% KLABIN 17.44 ▲ 0.69% RAIA DROGASIL 18.74 ▲ 0.75% RDOR3 35.91 ▼ 0.39% HAPV3 10.99 ▼ 1.79% FLRY3 16.45 ▲ 0.24% SMTO3 15.52 ▼ 3.72% UGPA3 31.01 ▲ 2.99% VBBR3 33.53 ▲ 0.69% BBSE3 40.67 ▲ 0.69% BPAC11 57.51 ▼ 0.76% CURY3 32.80 ▼ 2.35% AERI3 2.03 ▼ 1.93% VIVARA 23.35 ▼ 0.34% COMPASS 24.96 ▼ 0.95% VAMOS 3.12 ▼ 0.95% SANB11 27.13 ▼ 0.77% ASAI3 8.71 ▲ 0.58% SBSP3 29.98 ▼ 1.19% WALMEX 49.87 ▲ 1.22% GMEXICO 200.72 ▲ 0.58% FEMSA 223.85 ▼ 2.38% CEMEX 22.63 ▲ 1.94% GFNORTE 183.77 ▼ 1.30% BIMBO 57.70 ▲ 2.38% TELEVISA 9.59 ▲ 0.63% AMX 22.83 ▼ 0.09% GAP 397.56 ▲ 0.58% ASUR 282.69 ▲ 2.57% OMA 236.33 ▲ 0.56% KOF 178.84 ▼ 0.58% GRUMA 282.13 ▲ 0.98% KIMBER 38.76 ▲ 0.83% SQM-B 65,950 ▼ 2.87% COPEC 6,246 ▲ 0.58% BSANTANDER 77.92 ▼ 0.92% FALABELLA 5,883 ▲ 0.14% ENELAM 85.13 ▼ 0.72% CENCOSUD 2,009 ▼ 1.50% CMPC 1,081 ▼ 1.99% BANCO CHILE 187.83 ▼ 0.88% LATAM AIR 25.50 ▲ 2.41% YPF 78,200 ▲ 0.55% GGAL 8,185 ▲ 3.48% PAMPA 5,250 ▲ 0.38% TXAR 671.00 ▲ 1.36% ALUAR 962.00 ▲ 1.37% TGS 9,800 ▲ 0.93% CEPU 2,351 ▲ 1.03% MIRGOR 16,850 ▲ 0.60% COME 45.60 ▼ 0.33% LOMA NEGRA 3,640 ▲ 3.04% BYMA 303.75 ▲ 0.91% TELECOM ARG 4,355 ▲ 0.52% ECOPETROL 16.09 ▼ 0.46% BANCOLOMBIA 81.49 ▼ 0.74% GRUPO AVAL 5.06 ▲ 2.22% CREDICORP 397.34 ▲ 1.30% SOUTHERN COPPER 180.74 ▼ 0.90% BUENAVENTURA 31.11 ▲ 0.26% MERCADOLIBRE 1,839 ▼ 1.85% NUBANK 13.92 ▼ 0.54% XP 17.02 ▲ 0.89% PAGSEGURO 9.16 ▼ 1.35% STONE 11.20 ▼ 0.93% GLOBANT 31.66 ▲ 2.38% TECNOGLASS 45.79 ▲ 3.53% GAP AIRPORT 229.36 ▲ 1.51% ASUR 282.69 ▲ 2.57% OMA AIRPORT 108.63 ▲ 0.92% AMX ADR 26.23 ▲ 0.17% FEMSA ADR 128.78 ▼ 3.30% CEMEX ADR 13.04 ▲ 1.84% PETROBRAS ADR 17.82 ▼ 0.59% VALE ADR 14.69 ▲ 0.65% ITAU ADR 8.50 ▼ 0.58% SANTANDER BR 5.38 ▼ 0.28% AMBEV ADR 3.04 ▼ 1.62% CSN 1.03 — 0.00% GERDAU 4.83 ▲ 4.66% LATAM ADR 54.78 ▲ 2.36% BTC 64,786 ▼ 0.26% ETH 1,921 ▲ 1.65% SOL 77.32 ▼ 0.57% XRP 1.11 ▲ 0.02% BNB 578.67 ▼ 0.53% ADA 0.16 ▼ 0.86% DOGE 0.07 ▼ 0.87% AVAX 6.69 ▼ 0.11% LINK 8.48 ▲ 1.69% DOT 0.84 ▼ 0.91% LTC 44.93 ▼ 1.11% BCH 227.91 ▼ 3.63% TRX 0.32 ▼ 0.31% XLM 0.19 ▲ 0.63% HBAR 0.07 ▼ 0.20% NEAR 2.04 ▲ 1.44% ATOM 1.55 ▼ 0.51% AAVE 96.74 ▼ 2.17% SELIC 14.25% EMBRAER 81.80 ▼ 0.84% EMBRAER ADR 64.48 ▼ 0.66% JBS 12.14 ▲ 2.58% JBS BDR 61.50 ▲ 2.93% MBRF3 15.27 ▼ 5.10% MBRFY 3.00 ▼ 4.46% INTER 5.65 ▼ 0.96% IBOV 175,963.54 ▼ 0.38% IPSA 10,960.27 ▼ 0.58% IPC MEX 66,529.27 ▲ 0.85% MERVAL 3,288,122 ▲ 1.82% COLCAP 2,293.65 ▼ 0.22% BVL PERÚ 57,174.37 — — USD/BRL 5.08 ▲ 0.10% USD/MXN 17.38 ▼ 0.28% USD/CLP 924.20 ▼ 0.26% USD/COP 3,216 ▼ 0.62% USD/PEN 3.38 ▼ 0.32% USD/ARS 1,476 ▲ 0.34% USD/UYU 40.15 ▲ 1.04% USD/PYG 6,039 ▲ 1.28% USD/BOB 10.65 ▲ 5.99% USD/DOP 58.30 — 0.00% USD/CRC 447.49 ▲ 0.88% USD/GTQ 7.62 ▲ 2.09% USD/HNL 26.73 ▼ 0.01% USD/NIO 36.62 ▲ 0.31% USD/VES 723.93 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.69 ▲ 0.12% USD/TTD 6.76 ▲ 1.32% EUR/BRL 5.82 ▼ 0.53% BRENT 85.12 ▲ 0.46% WTI 79.76 ▲ 0.53% IRON ORE 161.91 — — COPPER 6.39 ▲ 0.90% GOLD 4,067 ▲ 0.16% SILVER 58.31 ▼ 0.79% SOY 1,202 ▼ 0.46% CORN 469.25 ▲ 8.18% WHEAT 677.75 ▲ 7.37% COFFEE 324.50 ▼ 3.77% SUGAR 14.86 ▼ 0.13% ORANGE JUICE 140.45 ▲ 0.14% COTTON 82.13 ▲ 3.18% COCOA 5,917 ▲ 4.54% BEEF 230.33 ▼ 0.48% CATTLE 344.95 ▼ 1.10% LITHIUM 70.99 ▼ 0.82% PETR4 40.64 ▼ 0.05% VALE3 74.77 ▲ 1.03% ITUB4 43.19 ▼ 1.01% BBDC4 18.64 ▲ 0.05% ABEV3 15.57 ▼ 1.52% BBAS3 20.61 ▲ 0.10% B3SA3 15.79 ▲ 3.00% WEGE3 44.33 ▲ 0.29% PRIO3 57.89 ▲ 0.56% SUZB3 41.58 ▲ 1.14% RENT3 40.43 ▼ 0.27% AZZA3 18.58 ▼ 1.43% CSAN3 3.94 ▲ 1.29% RAIZ4 0.30 ▼ 3.23% PCAR3 2.61 ▲ 6.53% GMAT3 3.96 — 0.00% PSSA3 55.21 ▲ 1.69% CVCB3 1.35 ▼ 2.17% POSI3 3.90 ▼ 2.26% SLCE3 13.46 ▼ 2.53% NATU3 8.70 ▲ 1.75% BRKM5 6.43 ▼ 5.86% RANI3 8.02 ▲ 0.12% CSNA3 5.25 ▲ 0.96% CMIN3 5.21 ▲ 2.16% USIM5 8.22 ▼ 0.12% GGBR4 24.38 ▲ 4.55% ENEV3 26.91 ▼ 0.96% CPFE3 46.98 ▼ 0.47% CMIG4 11.15 ▼ 0.45% EQTL3 40.41 ▼ 1.32% LREN3 14.02 ▼ 1.89% VIVT3 35.48 ▼ 0.11% RAIL3 14.04 ▼ 0.64% KLABIN 17.44 ▲ 0.69% RAIA DROGASIL 18.74 ▲ 0.75% RDOR3 35.91 ▼ 0.39% HAPV3 10.99 ▼ 1.79% FLRY3 16.45 ▲ 0.24% SMTO3 15.52 ▼ 3.72% UGPA3 31.01 ▲ 2.99% VBBR3 33.53 ▲ 0.69% BBSE3 40.67 ▲ 0.69% BPAC11 57.51 ▼ 0.76% CURY3 32.80 ▼ 2.35% AERI3 2.03 ▼ 1.93% VIVARA 23.35 ▼ 0.34% COMPASS 24.96 ▼ 0.95% VAMOS 3.12 ▼ 0.95% SANB11 27.13 ▼ 0.77% ASAI3 8.71 ▲ 0.58% SBSP3 29.98 ▼ 1.19% WALMEX 49.87 ▲ 1.22% GMEXICO 200.72 ▲ 0.58% FEMSA 223.85 ▼ 2.38% CEMEX 22.63 ▲ 1.94% GFNORTE 183.77 ▼ 1.30% BIMBO 57.70 ▲ 2.38% TELEVISA 9.59 ▲ 0.63% AMX 22.83 ▼ 0.09% GAP 397.56 ▲ 0.58% ASUR 282.69 ▲ 2.57% OMA 236.33 ▲ 0.56% KOF 178.84 ▼ 0.58% GRUMA 282.13 ▲ 0.98% KIMBER 38.76 ▲ 0.83% SQM-B 65,950 ▼ 2.87% COPEC 6,246 ▲ 0.58% BSANTANDER 77.92 ▼ 0.92% FALABELLA 5,883 ▲ 0.14% ENELAM 85.13 ▼ 0.72% CENCOSUD 2,009 ▼ 1.50% CMPC 1,081 ▼ 1.99% BANCO CHILE 187.83 ▼ 0.88% LATAM AIR 25.50 ▲ 2.41% YPF 78,200 ▲ 0.55% GGAL 8,185 ▲ 3.48% PAMPA 5,250 ▲ 0.38% TXAR 671.00 ▲ 1.36% ALUAR 962.00 ▲ 1.37% TGS 9,800 ▲ 0.93% CEPU 2,351 ▲ 1.03% MIRGOR 16,850 ▲ 0.60% COME 45.60 ▼ 0.33% LOMA NEGRA 3,640 ▲ 3.04% BYMA 303.75 ▲ 0.91% TELECOM ARG 4,355 ▲ 0.52% ECOPETROL 16.09 ▼ 0.46% BANCOLOMBIA 81.49 ▼ 0.74% GRUPO AVAL 5.06 ▲ 2.22% CREDICORP 397.34 ▲ 1.30% SOUTHERN COPPER 180.74 ▼ 0.90% BUENAVENTURA 31.11 ▲ 0.26% MERCADOLIBRE 1,839 ▼ 1.85% NUBANK 13.92 ▼ 0.54% XP 17.02 ▲ 0.89% PAGSEGURO 9.16 ▼ 1.35% STONE 11.20 ▼ 0.93% GLOBANT 31.66 ▲ 2.38% TECNOGLASS 45.79 ▲ 3.53% GAP AIRPORT 229.36 ▲ 1.51% ASUR 282.69 ▲ 2.57% OMA AIRPORT 108.63 ▲ 0.92% AMX ADR 26.23 ▲ 0.17% FEMSA ADR 128.78 ▼ 3.30% CEMEX ADR 13.04 ▲ 1.84% PETROBRAS ADR 17.82 ▼ 0.59% VALE ADR 14.69 ▲ 0.65% ITAU ADR 8.50 ▼ 0.58% SANTANDER BR 5.38 ▼ 0.28% AMBEV ADR 3.04 ▼ 1.62% CSN 1.03 — 0.00% GERDAU 4.83 ▲ 4.66% LATAM ADR 54.78 ▲ 2.36% BTC 64,786 ▼ 0.26% ETH 1,921 ▲ 1.65% SOL 77.32 ▼ 0.57% XRP 1.11 ▲ 0.02% BNB 578.67 ▼ 0.53% ADA 0.16 ▼ 0.86% DOGE 0.07 ▼ 0.87% AVAX 6.69 ▼ 0.11% LINK 8.48 ▲ 1.69% DOT 0.84 ▼ 0.91% LTC 44.93 ▼ 1.11% BCH 227.91 ▼ 3.63% TRX 0.32 ▼ 0.31% XLM 0.19 ▲ 0.63% HBAR 0.07 ▼ 0.20% NEAR 2.04 ▲ 1.44% ATOM 1.55 ▼ 0.51% AAVE 96.74 ▼ 2.17% SELIC 14.25% EMBRAER 81.80 ▼ 0.84% EMBRAER ADR 64.48 ▼ 0.66% JBS 12.14 ▲ 2.58% JBS BDR 61.50 ▲ 2.93% MBRF3 15.27 ▼ 5.10% MBRFY 3.00 ▼ 4.46% INTER 5.65 ▼ 0.96%
since 2009
Wednesday, July 15, 2026

Agri Business Business - Brazil

Brazil’s Bahia Hosts World’s Largest Cocoa Farm Project Challenging West Africa’s Market Dominance

By · April 22, 2025 · 2 min read

Daily Brief

The morning intel from across Latin America. Free.

By subscribing you agree to our privacy policy. We never share your email.

Brazilian farmer Moises Schmidt is building the world’s largest cocoa farm in Bahia, investing $300 million to create a plantation larger than Manhattan.

He uses industrial farming techniques common in soy and corn, planting 1,600 cocoa trees per hectare—five times the traditional density. Full irrigation and fertilization aim to boost yields to 4,000 kilograms per hectare, far surpassing Brazil’s average and even that of top producers like Ivory Coast.

One-stop reference
Company Intelligence
Every listed company in Latin America — financials, ownership and structure for 1,450+ companies across 26 exchanges, in one place.
Browse the directory →

This project emerges as the global cocoa market faces severe disruption. West Africa, which supplies over 70% of the world’s cocoa, struggles with declining yields due to disease, drought, and aging trees.

Ghana and Ivory Coast have lost up to half their output in some regions. Cocoa prices nearly tripled in 2024, reaching historic highs. Brazil, despite its ambitions, saw its own output fall by 18% in Bahia and even more in Pará, affected by El Niño and plant disease.

Bahia’s exports, however, soared in value. In 2024, the state shipped 46,000 tons of cocoa, earning $434 million—a 119% increase from the previous year. This rise reflects global shortages and high prices, not a production surge.

Brazil’s Bahia Hosts World’s Largest Cocoa Farm Project Challenging West Africa’s Market Dominance
Brazil’s Bahia Hosts World’s Largest Cocoa Farm Project Challenging West Africa’s Market Dominance. (Photo Internet reproduction)
RT
Ask Rio Times
Latin American markets, currencies and companies.
Open the full Ask Rio Times →

Brazil’s Cocoa Industry

Most Brazilian cocoa still comes from small farms, with 80% of growers operating on the margins of the financial system. New funds aim to lend $176 million to small producers for equipment and irrigation, but many lack access to capital.

Schmidt’s approach breaks with tradition. He grows cocoa in full sun, not shade, and uses high-yield varieties selected from test fields. His nursery, BioBrasil, produces up to 10 million seedlings a year, supplying both his farm and others.

Experts see this as a potential turning point. If industrial farming succeeds, Brazil could regain its former status as a cocoa powerhouse, shifting the industry’s center away from West Africa.

High costs, disease risks, and the challenge of mechanizing harvests remain. Brazil’s cocoa future depends on whether these new methods can deliver stable, high output at scale, and whether small growers can adapt.

Read More from The Rio Times

The Rio Times · Power Map
See who really holds power in Latin America
Click to open the Power Map

Rotate for Best Experience

This report is optimized for landscape viewing. Rotate your phone for the full experience.