Indonesia: 5% increase in high-quality alkalized cocoa powder's FOB price

During the market opening this week, the FOB price of high-quality alkalized cocoa powder has been reported at USD 2100/MT, a slight increase of 5% from its price on the market opening last week at USD 2000/MT. The price increase has been primarily driven by the also increasing price of cocoa beans in the national market, following the rising price of this commodity at the farmgate level by around 8% this month, compared to December 2020.