Indonesia: Foreign exchange contribution up to US$ 1 billion, Ministry of Industry calls cocoa industry growing

Published 2022년 11월 13일

Tridge summary

The Ministry of Industry in Indonesia is taking steps to enhance the productivity and global competitiveness of the cocoa processing industry. With a ranking of third globally in cocoa product processing and sixth in cocoa bean production, the industry generated over $1 billion in foreign exchange in 2020 and 2021. There are 11 intermediate sector players with a capacity of 739,250 tons per year, 900 chocolate processing industry players, and 31 chocolate artisans. The government is encouraging downstream cocoa processing through tax incentives and facilitating partnerships with farmer groups. The Ministry is also promoting processed cocoa products at international level exhibitions like SIAL Interfood 2022.

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Original content

Reporter: Dimas Andi | Editor: Anna Suci Perwitasari KONTAN.CO.ID - JAKARTA. The Ministry of Industry (Kemenperin) continues to improve the performance of the cocoa processing industry in Indonesia to be more productive and globally competitive. Moreover, the cocoa processing industry is one of the industrial groups that make a significant contribution to the national economy. Based on data from the International Cocoa Organization (ICCO) in 2021/2022, Indonesia ranks third in the world as a cocoa product processing country. In addition, Indonesia ranks sixth in the world as the largest producer of cocoa beans. The cocoa processing industry is also able to contribute foreign exchange to the country to more than US$ 1 billion in 2020 and 2021. "Meanwhile, 85 percent or 319,431 tons of the total production volume of the cocoa processing industry has been exported to 96 countries, including the United States, India, China, Estonia and Malaysia," said Director General of Agro Industry ...

Source: Kontan