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View all search resultsIndonesian cocoa to see deep dip, second-worst globally: ICCO
The world’s sixth-largest cocoa producer will see output dip by 20,000 tons year-on-year (yoy) to 200,000 tons between the 2019 and 2020 season, which runs from October to September, according to an ICCO report made available to The Jakarta Post on Oct. 2.
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I
ndonesia is predicted to see the second-deepest drop in cocoa production volume this season, compared to other producing countries, due to the pandemic pressure on demand and operation, according to the International Cocoa Organization (ICCO).
The world’s sixth-largest cocoa producer will see output dip by 20,000 tons year-on-year (yoy) to 200,000 tons between the 2019 and 2020 season, which runs from October to September, according to an ICCO report made available to The Jakarta Post on Oct. 2.
The decrease is the second-deepest behind Côte d'Ivoire and is on par with Nigeria, both of which are also among the world’s top 10 cocoa producing countries.
“Cocoa production has generally shown resilience but concerns still remain as COVID-19 prevails,” writes the ICCO report published in August.
Indonesia’s continuous rise in COVID-19 cases is a lingering risk for the country’s agriculture industry, which has helped cushion the pandemic’s impact on the economy. On Monday, the country recorded more than 307,000 confirmed cases of the virus.
The sector, the second-largest contributor to Indonesia’s economy, managed to grow 2.19 percent yoy in the second quarter this year, while the economy shrank 5.32 percent yoy, according to Statistics Indonesia (BPS).
