Malaysia reports cocoa export success with revenue of RM8.87 Billion in 2024

Malaysia’s cocoa industry achieved a significant milestone in 2024, recording total export revenue of RM8.87 billion in August, accounting for 98% of the annual target of RM9 billion. This was disclosed by Deputy Minister of Plantations and Commodities Datuk Chan Foong Hin. According to Chan, the industry’s remarkable performance is largely attributed to the contributions of semi-finished products such as cocoa butter, cocoa powder and chocolate products. He highlighted the continued relevance of cocoa as a catalyst for the country’s economic growth, bolstering its contribution to the country’s Gross Domestic Product (GDP). Chan revealed that the growing global demand for cocoa beans, coupled with the significant increase in prices — currently between RM18 and RM23 per kilogram — has attracted the interest of local farmers and plantations. In response, the government, through the Cocoa Board of Malaysia (LKM), is implementing revitalisation programmes to foster local production. ...