StoneX logo

Peru’s Cocoa Exports 2025 Totaled 113,297 Tonnes, Up 17% On The Year

By: Diana Delgado, Contractor

Banner Currencies

Peru’s Cocoa Exports 2025 Totaled 113,297 Tonnes, Up 17% On The Year

Commodities Network (Bogota)-Peruvian cocoa bean exports reached 113,297 tonnes in January-December 2025, up 17.03% year on year from 96,810 tonnes in 2024, according to the Peruvian Coffee and Cocoa Chamber.

Cocoa exports generated a cumulative FOB value of US$906.3 million in 2025, compared with US$720.6 million in the same period of 2024.

The average export price stood at US$7,999 per tonne, reflecting strong international demand and a high level of valuation for Peruvian cocoa in global markets, up from $7,443 per tonne in 2024.

The relationship between export volume and value confirms that sector performance was supported by favorable market conditions, allowing exporters to maximize revenue per tonne, the chamber said.

“The average export price was approximately $8,000 per ton, reflecting an exceptionally high level of valuation for Peruvian cocoa in international markets,” the chamber said.

Cocoa consolidated as a strategic product within the national agricultural export supply. The FOB value reached in 2025 shows significant growth compared to previous years, driven mainly by the sharp increase in the international price, rather than by a proportional expansion in volume. Likewise, the average price recorded, notably higher than that observed between 2021 and 2023 and clearly above the 2024 level, suggests that Peruvian cocoa maintains a positive perception and high valuation in destination markets. This trend translates into consistent income and reinforces the positioning of the cocoa sector as one of the main generators of value within the country's agricultural foreign trade.

Export business structure

Exporter rankings show strong participation by leading companies, which together account for a significant share of total shipments.

Agro San Gerardo S.A.C. led exports with 18,747 tonnes, representing 16.55% of total volumes. It was followed by Cafetalera Amazónica S.A.C. with 16,591 tonnes, and Sumaqao with 11,013 tonnes.

In addition to these major players, a large number of smaller exporters also contributed to total shipments, broadening the sector’s export base. This structure reflects a business ecosystem in which operational scale and shipment continuity are key to maintaining a presence in the international cocoa trade.

While some companies concentrate exports in specific months, others maintain a more stable flow throughout the year, illustrating diverse operational strategies within the sector.

Main destination markets

The Netherlands was the leading destination for Peruvian cocoa during the period, importing 25,165 tonnes, followed by Malaysia with 17,145 tonnes and the United States with 15,841 tonnes.

Italy ranked fourth with 12,610 tonnes, accounting for 11.13% of total exports, while Belgium followed closely with 12,202 tonnes.

Other important destinations included Spain, Mexico, Indonesia, Japan and Estonia. Together, these markets absorbed the majority of Peru’s cocoa exports, consolidating their role as key trading partners for the sector.

Valuation Differences by Market

The analysis of FOB value and average price per ton by destination reveals significant variations among the different export markets.

While the overall average price of Peruvian cocoa beans was around US$8,000 per ton, some destinations registered higher unit prices, reaching significantly higher levels per ton exported.

These differences reflect the heterogeneity of commercial conditions and the valuation of Peruvian cocoa depending on the destination market, associated with factors such as the type of demand, quality standards, contract structure, and product positioning. Consequently, the composition of export destinations directly influences the total revenue generated by the sector, beyond the volume exported.

Cocoa-Related Products

In addition to cocoa beans, Peruvian foreign trade includes other cocoa-derived products, both in exports and imports, whose volumes and values ​​are considerably lower compared to the main product. However, their sustained presence throughout the analyzed period demonstrates the existence of specific and differentiated segments within the cocoa sector's foreign trade.

By Diana Delgado

Source: Peruvian coffee and cocoa chamber

 

  • Cocoa

This material should be construed as market commentary and represents the opinions and viewpoints of the author, and does not reflect tailored advice associated with any specific account.


The views are current only through the date stated and are subject to change at any time based upon market or other conditions, and StoneX Group Inc. (“SGI”) disclaims any responsibility to update such views. Actual results, performance, or achievements may differ materially from those expressed or implied. Information is based on data gathered from what we believe are reliable sources. Past performance does not guarantee future results.


The StoneX Group Inc. group of companies provides financial services worldwide through its subsidiaries, including physical commodities, securities, exchange-traded and over-the-counter derivatives, risk management, global payments and foreign exchange products in accordance with applicable law in the jurisdictions where services are provided.


References to certain OTC products or swaps are made on behalf of StoneX Markets, LLC (SXM), a member of the National Futures Association (NFA) and provisionally registered with the U.S. Commodity Futures Trading Commission (CFTC) as a swap dealer. SXM’s products are designed only for individuals or firms who qualify under CFTC rules as an ‘Eligible Contract Participant’ and who have been accepted as customers of SXM.


StoneX Financial Inc. (SFI) is a member of FINRA/NFA/SIPC and registered with the MSRB. SFI is registered with the U.S. Securities and Exchange Commission (SEC) as a Broker-Dealer and with the CFTC as a Futures Commission Merchant and Commodity Trading Advisor. StoneX Financial (Canada) Inc. (SFCI) is registered in Canada and is a member of CIRO and CIPF. References to certain securities trading are made on behalf of the BD Division of SFI and are intended only for an audience of institutional clients as defined by FINRA Rule 4512(c). References to certain exchange-traded futures and options are made on behalf of the FCM Division of SFI. Wealth Management is offered through SA Stone Wealth Management Inc., member FINRA/SIPC, and SA Stone Investment Advisors Inc., an SEC-registered investment advisor, both wholly owned subsidiaries of SGI.

R.J. O’Brien & Associates, LLC (RJO) is registered with the CFTC as a Futures Commission Merchant and is a member of NFA.


StoneX Financial Ltd (SFL) is registered in England and Wales, company no. 5616586. SFL is authorized and regulated by the Financial Conduct Authority (FCA) (registration number FRN:446717) to provide services to professional and eligible customers including: arrangement, execution and, where required, clearing derivative transactions in exchange traded futures and options. SFL is also authorized to engage in the arrangement and execution of transactions in certain OTC products, certain securities trading, precious metals trading and payment services to eligible customers. SFL is authorized and regulated by the FCA under the Payment Services Regulations 2017 for the provision of payment services. SFL is a category 1 ring-dealing member of the London Metal Exchange. In addition SFL also engages in other physically delivered commodities business and other general business activities which are unregulated and not required to be authorized by the FCA.


This communication is issued in the European Economic Area by StoneX Financial Europe GmbH (SFEG). StoneX is the trade name used by STONEX GROUP INC. and all its associated entities and subsidiaries. StoneX Financial Europe GmbH (“SFEG”) is a securities trading firm registered in Germany under Company No. HRB 80844.


StoneX APAC Pte. Ltd. (“SAP”) (Co. Reg. No 200616676W) is regulated as a Dealer (PS20190001002) under the Precious Stones and Precious Metals (Prevention of Money Laundering and Terrorism Financing) Act 2019 for purposes of anti-money laundering and countering the financing of terrorism. SAP is an “Approved International Trading Company” authorized to act as a “Spot Commodity Broker” under the Commodity Trading Act.


StoneX Financial Pte Ltd (Co. Reg. No 201130598R) (“SFP”) is regulated by the Monetary Authority of Singapore and is a Capital Markets Service Licence holder (for dealing in capital market products), an Exempt Financial Adviser (for advising on investment products and issuing or promulgating analyses/ reports on investment products) and a Major Payment Institution (for domestic and cross-border money transfer services).


SFP may distribute analysis/report produced by its respective foreign affiliates within the StoneX Group of companies pursuant to an arrangement under Regulation 32C of the Financial Advisers Regulations Recipients should contact SFP at (65) 6309 1000 for any matters arising from, or in connection with, this webinar.


StoneX APAC Pte. Ltd. (“SAP”) (Co. Reg. No 200616676W) is regulated as a Dealer (PS20190001002) under the Precious Stones and Precious Metals (Prevention of Money Laundering and Terrorism Financing) Act 2019 for purposes of anti-money laundering and countering the financing of terrorism.


StoneX Financial (HK) Limited (CE No.: BCQ152) (“SHK”) is regulated by the Hong Kong Securities and Futures Commission for Dealing in Securities and Dealing in Futures Contracts.


StoneX Financial Pty Ltd (ACN 141 774 727) holds an Australian Financial Service License (AFSL: 345646) for Dealing in Securities, Exchange-Traded Derivatives Contracts, OTC Derivatives Contracts and Foreign Exchange Contracts, and is regulated by the Australian Securities and Investments Commission.


StoneX Securities Co., Ltd. (“SSJ”) (Co. Reg. No 010401047199) is regulated by the Japanese Financial Services Agency as a Type-I Financial Instruments Business Operator (Kanto Local Finance Bureau (FIBO)No.291’), is a member of the Financial Futures Association of Japan for dealing and broking FX and FX Option transactions, and is a member of the Japan Securities Dealers Association for dealing and broking stock indices and option transactions.


Trading swaps and over-the-counter derivatives, exchange-traded derivatives and options and securities involves substantial risk and is not suitable for all investors. Past performance of any futures or option is not indicative of future success. Indicators are not a trading system and are not published as a specific trade recommendation. The information herein is not a recommendation to trade nor investment research or an offer to buy or sell any derivative or security. It does not take into account your particular investment objectives, financial situation or needs and does not create a binding obligation on any of the StoneX group of companies to enter into any transaction with you. You are advised to perform an independent investigation of any transaction to determine whether any transaction is suitable for you. No part of this material may be copied, photocopied or duplicated in any form by any means or redistributed without the prior written consent of StoneX Group Inc.


The report/analysis herein is not directed to, or intended for distribution to or use by, any person or entity who is a citizen or resident of or located in any locality, state, country or other jurisdiction where such distribution, publication, availability or use would be contrary to law or regulation.


© 2026 StoneX Group Inc. All Rights Reserved.

Satellite view of Earth at night showing illuminated cities across Asia and the Middle East

Discover more insights

Our subscribers have access to comprehensive market analysis from StoneX spanning commodities, equities, currencies and more.

Related articles for Cocoa

Perspective: Morning Commentary for August 11

August 11 – It was generally a quiet night for the markets until early this morning when a headline hit that Iran and Oman were close to reaching a deal. Stock futures rallied, while the dollar index followed Treasury yields lower, along with active selling in the energy- and food-based commodities. The headline had limited impact though in a world that has become skeptical of promises of peace. Stock futures remain steady to firmer at this hour, while the VIX trades near 16 – just above 2026 lows. The dollar index is trading near 99.8 this morning, after recovering from its early morning selloff over the following hour of trade. Yields on 10-year Treasuries are trading near 4.69%, while yields on 2-year Treasuries trade near 4.22%. WTI crude oil is trading near $82 per barrel at this hour, while Brent trades near $88. The grain and oilseed markets are mostly weaker, after failing to recover from this morning’s early selloff that started in the crude oil market.

Arlan Suderman
Arlan Suderman
  • Grains & Oilseeds
  • Energy
  • Dairy
  • Renewable Fuels
  • Cocoa
  • Coffee
  • Cotton
  • Sugar
  • Meats & Livestock
  • Forest Products

Cocoa Storm Gathers as Two Crops and El Nino Line Up Against Supply

Cocoa's current harvest looks comfortably supplied, yet prices keep climbing as attention turns to the next two crops. Poor West Africa weather and lingering El Nino risk have put both the 2026/27 and 2027/28 seasons in doubt, and the surplus built this year may not be enough to cover them.

Editorial Team
Editorial Team
  • Cocoa

Perspective: Morning Commentary for August 10

August 10 – The world commodity markets and economy remains at risk amid two wars this morning. Tensions continue to escalate in both the Middle East and the Black Sea – risking pulling other countries into the conflicts. Stocks are down modestly this morning as we start a week of trade in which we’ll see key inflation and retail sales data following a weak jobs report this past Friday. Yet, stocks continue to trade just below record high levels, with the VIX trading near 2026 lows just above 15. The dollar index is trading near 99.7. Yields on 10-year Treasuries are trading near 4.68%, while yields on 2-year Treasuries are trading near 4.23%. The energy and food-based markets are firmer today amid the escalated risks. WTI crude oil is trading near $80, while Brent trades near $85 per barrel. Double-digit gains in the winter wheat markets lead the way for higher grain and oilseed prices.

Arlan Suderman
Arlan Suderman
  • Grains & Oilseeds
  • Energy
  • Dairy
  • Renewable Fuels
  • Cocoa
  • Coffee
  • Cotton
  • Sugar
  • Meats & Livestock
  • Forest Products
StoneX: We open markets

Our market expertise, advanced platforms, global reach, culture of full transparency and commitment to our clients’ success all set us apart in the financial marketplace.

Reach

With access to 40+ derivatives exchanges, 180+ foreign exchange markets, nearly every global securities marketplace and numerous bi-lateral liquidity venues, StoneX’s digital network and deep relationships can take clients anywhere they want to go.

Transparency

As a publicly traded company meeting the highest standards of regulatory compliance in the markets we serve, our financials and record of accomplishment are matters of public record. StoneX’s commitment to “doing the right thing over the easy thing” sets us apart in the industry and helps us build respect, client trust and new partnerships.

Expertise

From our proprietary Market Intelligence platform, to “boots on the ground” expertise from award-winning traders and professionals, we connect our clients directly to actionable insights they can use to make more informed decisions and achieve their goals in the global markets.