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View all search resultsCacao farms need rejuvenating as prices remain high
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A cocoa pod is seen on a tree on April 7, 2024, at a farm in the village of Offoumpo, near Agboville, Ivory Coast. (AFP/Issouf Sanogo)
I
ndonesia’s cocoa industry is in dire need of rejuvenation and replanting to take advantage of a global supply dearth keeping prices at a new, elevated equilibrium.
Most plantations in the country are close to exceeding the cacao plant’s productive age of 25 years, according to Soetanto Abdoellah, chairman of the Indonesian Cocoa Board.
“The situation is this: the majority of Indonesia’s cacao plantations are above 20 years old, hence the need for rejuvenation,” Soetanto told The Jakarta Post on Monday.
President Prabowo Subianto said on July 20 that the government would push for nationwide cacao rejuvenation and replanting.
“Global chocolate prices are very high, and many are expecting chocolate from us. We have to [start] replanting soon, rejuvenation, and we will carry out these measures,” said the President.
Read also: Prabowo urges cacao rejuvenation, replanting amid high prices
Cocoa prices surged since early last year as a result of crop failures in major producing countries in West Africa, which currently account for around 60 percent of global supply.
