Promising potential and a positive trend of Indonesian cocoa exports have the potential to continue

Published 2024년 12월 15일

Tridge summary

Indonesia's cocoa exports have seen a growth of 1.92% in the first ten months of 2024, reaching 288,250 tons, with the main destination countries being India, the United States, and China. This growth is due to a global cocoa supply shortage, caused by weakened exports from Ivory Coast and Ghana due to adverse weather and the CSSV disease. The global price of cocoa beans has surged by 164.06% year on year. The Indonesian Cocoa Council anticipates a 10% growth in exports in 2025, aided by the EUDR delay and increased domestic production capacity. However, not all farmers are implementing good agricultural practices, and the El Nino phenomenon poses a challenge. Despite these challenges, cocoa farmers are profiting from selling their harvests on the international market due to a more competitive global price compared to the domestic market.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Reporter: Dimas Andi | Editor: Khomarul Hidayat KONTAN.CO.ID - JAKARTA. Cocoa is still one of Indonesia's mainstay commodities for export to the international market. This is supported by the fairly competitive global cocoa bean price throughout 2024. Based on data from the Central Statistics Agency (BPS), Indonesia's cocoa export volume reached 288,250 tons in January-October 2024, or an increase of 1.92% year on year (yoy) compared to the same period last year, which was 282,810 tons. India, the United States, and China are the main destination countries for cocoa exports from Indonesia. The cocoa products exported by Indonesia are mostly processed products such as butter, fat, and cocoa oil. Chairman of the Indonesian Cocoa Council (Dekaindo) Soetanto Abdullah said that the performance of national cocoa exports was quite positive because the world was experiencing a shortage of cocoa supply. This crisis was triggered by the weakening of cocoa exports from the two main producing ...

Source: Kontan