Cocoa exceeds the $ 2,900 per tonne barrier

The price of cocoa rose today, February 13, 2020, in the international market, driven by a growing demand.

Cocoa exceeds the $ 2,900 per tonne barrier

The ton ended at $ 2,903.5, that is, an increase of $ 35.5 compared to Wednesday’s close and represented a 1.24% increase.

Ecuador, the third world producer of pepa, with some 600,000 hectares in production, benefits from this increase. The commerce in several cantons of the Coast already buys at a price higher than 120 dollars the sack of one hundred pounds and more now that there is no locally abundant harvest for the season.

New productions will be added to the Ecuadorian coast in the coming months, as the CCN-51 variety with greater resistance to diseases and also with greater productivity continues to be planted.

Experts advise farmers to build irrigation systems and apply fertilizers, after a soil analysis to increase productivity and efficiency.