-
Important news
-
News
-
Shenzhen
-
China
-
World
-
Opinion
-
Sports
-
Kaleidoscope
-
Photo Highlights
-
Business
-
Markets
-
Business/Markets
-
World Economy
-
Speak Shenzhen
-
Leisure Highlights
-
Culture
-
Travel
-
Entertainment
-
Digital Paper
-
In depth
-
Weekend
-
Lifestyle
-
Diversions
-
Movies
-
Hotels
-
Special Report
-
Yes Teens
-
News Picks
-
Tech and Science
-
Glamour
-
Campus
-
Budding Writers
-
Fun
-
Futian Today
-
Advertorial
-
CHTF Special
-
FOCUS
-
Guide
-
Nanshan
-
Hit Bravo
-
People
-
Person of the week
-
Majors Forum
-
Shopping
-
Investment
-
Tech and Vogue
-
Junior Journalist Program
-
Currency Focus
-
Food Drink
-
Restaurants
-
Yearend Review
-
QINGDAO TODAY
在线翻译:
szdaily -> World Economy -> 
Asia’s top chocolate producers can’t meet growing demand
    2019-05-30  08:53    Shenzhen Daily

DEMAND from Asia’s growing legions of chocoholics have outpaced the ability of local farmers to supply cocoa beans, prompting a surge of shipments into the region from Africa and South America.

Indonesia, the top producer and processor in the area, imported about 240,000 metric tons of beans last year, a record, and may buy more in 2019, said Piter Jasman, chairman of the country’s Cocoa Industry Association. Malaysia boosted shipments 10 percent to 345,000 tons last year, cocoa board data show.

Bean output in Indonesia has shrunk by half in the past decade as farmers battle crop disease and aging trees, and switch to more profitable crops. That’s turned the country into a net bean importer from major exporter as processing capacity expanded, with overseas purchases more than doubling in five years.

In Malaysia, there’s a similar tale, with output dwindling to less than 1,000 tons from around 100,000 tons two decades ago, according to board data, as farmers turn to palm oil.

The steep drop has prompted processors to hunt for beans elsewhere, including Asia’s biggest grinder Guan Chong Bhd., which is thinking of moving plants closer to growers in Africa or South America.

Back in Indonesia, plans to turn the industry around include a possible national program to boost bean production to 600,000 tons by 2024, a crop that would be big enough to meet local demand and exports, the Indonesian Cocoa Association, a growers’ group, said last year.

“Hopefully, there’ll be no further decline in output because the Agriculture Ministry is funding a program to help farmers revitalize crops with special fertilizers and superior seeds,” said Jasman, also founder of top grinder PT Bumitangerang Mesindotama, or BT Cocoa.

He sees output staying at 270,000 tons this year, with grinding at 400,000 tons, after allowing for exports.

Global players have been investing in Indonesia to position themselves to meet rising Asian demand.

The latest was Olam International Ltd., which spent US$90 million earlier this year to buy BT Cocoa. By 2020, Asia may be the world’s largest market for cocoa powder, used in products including cookies, chocolate drinks and ice cream.

Processing of beans in Asia rose more than 25 percent in the past four years to about 780,000 tons in 2018, according to the Cocoa Association of Asia. (SD-Agencies)

深圳报业集团版权所有, 未经授权禁止复制; Copyright 2010, All Rights Reserved.
Shenzhen Daily E-mail:szdaily@szszd.com.cn