Nestlé boosts Brazil cocoa purchases to hedge supply shocks after record prices

Nestlé is increasing cocoa purchases in Brazil to build supply-chain resilience following recent supply shocks that drove cocoa prices to record highs. The move signals a strategic shift toward diversifying sourcing away from West Africa, though the scale and duration of the increase remain unspecified. This matters as it could support Brazilian cocoa production and influence global cocoa trade flows.