Farmers in Indonesia benefit from the rising cocoa prices

Published Oct 27, 2023

Tridge summary

The reference price for cocoa beans in October has increased by 5.23% or US$183.16 compared to the previous month, reaching US$3,622.88/MT. This increase has led to a rise in the Benchmark Export Price (HPE) of cocoa beans in October 2023 to US$3,307/MT, a 5.7% increase from the previous period. The rising prices can be attributed to the increase in artisan cocoa, supply and demand issues, and weather anomalies.

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

Original content

Reporter: Sabrina Rhamadanty | Editor: Handoyo. KONTAN.CO.ID - JAKARTA. The reference price for cocoa beans for the October period increased 5.23% or US$183.16 from the previous month. In this period, the reference price for cocoa beans was US$ 3,622.88/MT. This increase in cocoa prices has an impact on increasing the Benchmark Export Price (HPE) of cocoa beans in October 2023 to US$ 3,307/MT, an increase of US$ 178 or 5.7% from the previous period. Chairman of the Indonesian Cocoa Farmers Association (APKAI) Arief Zamroni said that the price of cocoa has long been rising in the artisan class. As a result of the increase in ...

Source: Kontan