News

Indonesia: Having a large market, the Ministry of Industry encourages strengthening the cocoa processing industry

Cocoa Bean
Cocoa Products
Indonesia
Market & Price Trends
Innovation & Technology
Published Dec 2, 2023

Tridge summary

Indonesia is determined to develop its cocoa processing industry, as it has the potential to become the world's third largest cocoa producer. The Ministry of Industry plans to encourage the growth of the industry to make it more globally competitive. Indonesia currently has 11 cocoa processing companies and exports $1.12 billion worth of cocoa products, making it the fourth largest exporter in the world.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

Reporter: Dimas Andi | Editor: Noverius Laoli KONTAN.CO.ID - JAKARTA. Indonesia has great opportunities in developing the cocoa processing industry. This is supported by Indonesia's potential to become the third largest cocoa producer in the world, with total production of around 700,000 tons per year. Therefore, the Ministry of Industry (Kemenperin) is determined to encourage the development of the cocoa processing industry so that it can be more globally competitive. Director of the Beverage, Tobacco Products and Refreshments Industry at the Ministry of Industry, Edy Sutopo, said that currently there are 11 cocoa processing companies in Indonesia with a total export value of US$ 1.12 billion in 2022 or occupying the position of the fourth exporting country in the world. "This industry also plays a role in supporting downstreaming which increases the added value of domestic cocoa," he said in a press release on the Ministry of Industry website, Thursday (30/11). Edy said that ...
Source: Kontan

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