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Today's Headlines Cocoa Import

  • Cocoa Bean Production Indonesia to Recover in 2017, Exports Slide

    Cocoa Bean Production in Indonesia to Recover in 2017

    Indonesia's cocoa bean production is expected to rebound to 375,000 metric tons in 2017 provided weather conditions are conducive. In 2016 cocoa bean output is estimated to fall 7 percent due to weather conditions that harmed the cocoa trees. Zulhefi Sikumbang, Chairman of the Indonesian Cocoa Association (Askindo), said the El Nino (which brought droughts to Southeast Asia) and the subsequent La Nina (which brings wetter-than-usual weather conditions) are reason why Indonesia will only produce around 350,000 tons of cocoa in 2016.

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  • Cocoa Industry Indonesia: Challenges for Local Cocoa Farmers

    Cocoa Industry Indonesia: Challenges for Local Cocoa Farmers

    The Indonesian Cocoa Association (Askindo) expects that Indonesia's cocoa exports will decline 37 percent to 25,000 tons in 2016 from an estimated 40,000 tons this year. As such, Indonesian cocoa exports are set to continue their slide. In 2014 Indonesia still exported a total of 63,334 tons of cocoa. The country's cocoa exports have been falling as the government set a tougher tax regime since mid-2014. The export tax for cocoa is 10 percent, VAT at 10 percent and the income tax is 0.5 percent. Meanwhile, low domestic cocoa production is also partly responsible for the lower export performance.

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  • Chinese Love to Eat Chocolate: Global Cocoa Demand Growing

    Chinese Love to Eat Chocolate: Global Cocoa Demand Growing

    Major chocolate producers recently warned that worldwide economic growth in combination with global population growth will result in a cocoa deficit in a few years hence prices of chocolate are estimated to rise. Especially chocolate consumption in China has risen robustly in recent years. In 2010, the population of China consumed 40,000 tons of chocolate. However, this has now risen by 75 percent to 70,000 tons. Moreover, consumption of dark chocolate, which contains a higher degree of cocoa, has grown in the USA.

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  • An Update on Indonesia’s Cocoa Bean Production & Export

    An Update on Indonesia’s Cocoa Bean Production & Export

    Indonesia’s cocoa bean production is expected to range between 500,000 and 700,000 tons in 2015 according to the Indonesian Cocoa Industry Association (AIKI), up from an estimated 485,000 tons in 2014. Earlier, the Indonesian government pledged to launch a USD $95 million cocoa revitalization program in the second quarter of 2015 in an ambitious attempt to double the nation’s cocoa output within a two year period. Indonesia’s Agriculture Ministry targets domestic cocoa bean output of at least one million tons per year.

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