RI’s cocoa beans export may plunge by 50%

Tue, 03/06/2012 - 08:15
IN

Cocoa beans export from Indonesia, the world’s third largest producer, may plunge by 50 percent this year, according to the Indonesian Cocoa Association (Askindo).

Firman Bakrie, Executive Secretary of Askindo, was quoted Tuesday by Kontan as saying that cocoa bean export this year is estimated to fall to 100,000 tons from 200,000 tons last year, and 430,000 tons in 2010.

As a result, Indonesia’s buyers overseas have began to turn their eyes to other producing countries such as Ivory Coast and Ghana.

Firman did not say the reasons for the decline in export, but production has been undermined during the past couple of years due to a combination of unfavorable weather condition and the spread of diseases.  The government’s export tax cocoa beans, meanwhile, has increase domestic demands for the beans as companies overseas set up processing facilities at home. (rei)

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