Cocoa export down in Q1

Tue, 04/24/2012 - 08:18
IN

Cocoa bean export volume from Indonesia, the world’s third largest producer of the key ingredient for chocolate production, dropped by 42 percent in the first quarter of this year.

The Indonesian Cocoa Association (Askindo) said that cocoa export volume in the first quarter of this year fell to 40,000 tons from 69,000 tons in the same quarter of last year.

Askindo Executive Secretary Firman Bakrie said that the lower export volume was due to lower production because of excessive rainfall during the quarter, which had caused a delay in the grand harvest from March probably to May.

He added that the government’s export tax policy on cocoa beans has caused some cocoa farmers to switch to other crops such as rubber and oil palm as the tax has created extra cost burden for them.

In the second quarter of this year, Firman estimated that production will remain small at around 40,000 tons. (rei)

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