Wed, 09 Jul 2008
From: The Jakarta Post
By Novia D. Rulistia, The Jakarta Post, Jakarta
Indonesia's cocoa production fell 7.6 percent to 480,000 tons in the first half of this year compared to in the same period last year due to failure to prevent pest attacks, an association says.

Halim Razak, chairman of Indonesia's Cocoa Producers Association (Askindo), said Monday the fungus and pest attacks should have been fairly easy to address had the farmers been trained in proper planting and pest control.

"The guidance they have received so far is still relatively small. The government still doesn't pay much attention to the importance of farmer training," Halim said.

He said at least 1,000 trainers were needed to supply knowledge to the farmers of the nation's 1 million hectares of cocoa plantations, as opposed to the less-than 100 trainers currently active.

Indonesia's cocoa yield rate currently averages 0.7 tons per hectare per year, lower than the widely-used standard of 2.5 tons per hectare per year, according to the association's data.

"In the coming years, it's likely the farmers will shift from planting cocoa to other commodities if this trend continues," he said, adding that Southeast Sulawesi was in danger of suffering pest attacks, as other plantations had been so ruined in the area.

Kompas reported earlier, citing Southeast Sulawesi's Agency of Farm and Horticulture, that thousands of hectares of cocoa plantations in Kolaka Utara regency were in danger of being destroyed by pest and fungus attacks.

According to the agency, Kolaka Utara has 45,000 hectares of cocoa plantations. The pest attacks have caused production in the regency to drop this year to just 100 kilograms per hectare per annum from between 1 and 1.5 tons per hectare per annum last year.

Sulawesi accounts for 50 percent of the country's total cocoa production.

The production decline means Indonesia is missing out on potential windfall revenues amid the high global price of the commodity, a result of high demand, Halim said.

Cocoa currently sells on the international market at Rp 26,000 (US$2.78) per kilogram.

Global demand for cocoa increased 3.5 percent last year, while supply rose 2.5 percent, he said.

Cocoa is the main raw material for chocolate, and according to Askindo, Indonesia's chocolate consumption stands at 0.6 kilograms per capita per year, compared to 16 kilograms per capita per year in Europe.

Indonesia is the world's third largest producer of cocoa beans, after the Ivory Coast and Ghana.

However, Indonesia's exports are not used in high-profile brands, including Cadbury of Britain and Hershey's of the U.S., despite those countries relying on imports.

Last year, Indonesia exported 300,000 tons of cocoa mostly to Malaysia, the United States and Brazil. In 2006, the country exported 490,000 tons.



News Search/Filter
Transaction Rates
23 May 18
Buy
Sell
AED1
3,851.08
3,851.08
AFN1
197.44
197.44
ALL1
131.46
131.46
AMD1
29.27
29.27
ANG1
7,882.61
7,882.61
AOA1
60.50
60.50
ARS1
580.68
580.68
AUD1
10,745.79
10,745.79
AWG1
7,904.79
7,904.79
AZN1
8,308.75
8,308.75
BAM1
8,543.87
8,543.87
BBD1
7,072.82
7,072.82
BDT1
167.40
167.40
BGN1
8,522.71
8,522.71
BHD1
37,457.04
37,457.04
BIF1
7.90
7.90
BMD1
14,145.65
14,145.65
BND1
10,506.63
10,506.63
BOB1
2,047.69
2,047.69
BRL1
3,859.48
3,859.48
BSD1
14,145.65
14,145.65
BTC1
111,433,632
111,433,632
BTN1
207.90
207.90
BWP1
1,422.67
1,422.67
BYN1
7,094.25
7,094.25
BZD1
7,039.53
7,039.53
CAD1
11,036.86
11,036.86
CDF1
8.75
8.75
CHF1
14,218.85
14,218.85
CLF1
613,162.30
613,162.30
CLP1
22.47
22.47
CNH1
2,228.15
2,228.15
CNY1
2,221.81
2,221.81
COP1
4.91
4.91
CRC1
25.02
25.02
CUC1
14,145.65
14,145.65
CUP1
554.73
554.73
CVE1
150.64
150.64
CZK1
648.52
648.52
DJF1
79.46
79.46
DKK1
2,238.44
2,238.44
DOP1
286.11
286.11
DZD1
121.81
121.81
EGP1
788.84
788.84
ERN1
943.27
943.27
ETB1
514.01
514.01
EUR1
16,670.69
16,670.69
FJD1
6,812.42
6,812.42
FKP1
19,018.62
19,018.62
GBP1
19,018.62
19,018.62
GEL1
5,790.99
5,790.99
GGP1
19,018.62
19,018.62
GHS1
3,051.06
3,051.06
GIP1
19,018.62
19,018.62
GMD1
299.95
299.95
GNF1
1.57
1.57
GTQ1
1,901.14
1,901.14
GYD1
67.85
67.85
HKD1
1,802.12
1,802.12
HNL1
594.51
594.51
HRK1
2,256.37
2,256.37
HTG1
220.82
220.82
HUF1
52.40
52.40
IDR1
1.00
1.00
ILS1
3,967.23
3,967.23
IMP1
19,018.62
19,018.62
INR1
207.95
207.95
IQD1
11.85
11.85
IRR1
0.33
0.33
ISK1
134.85
134.85
JEP1
19,018.62
19,018.62
JMD1
112.49
112.49
JOD1
19,934.49
19,934.49
JPY1
127.74
127.74
KES1
140.28
140.28
KGS1
206.74
206.74
KHR1
3.47
3.47
KMF1
33.87
33.87
KPW1
15.71
15.71
KRW1
13.15
13.15
KWD1
46,830.61
46,830.61
KYD1
16,978.80
16,978.80
KZT1
43.27
43.27
LAK1
1.69
1.69
LBP1
9.35
9.35
LKR1
89.58
89.58
LRD1
105.37
105.37
LSL1
1,116.90
1,116.90
LYD1
10,401.21
10,401.21
MAD1
1,498.28
1,498.28
MDL1
845.41
845.41
MGA1
4.36
4.36
MKD1
270.73
270.73
MMK1
10.43
10.43
MNT1
5.88
5.88
MOP1
1,750.25
1,750.25
MRO1
39.79
39.79
MRU1
395.90
395.90
MUR1
411.22
411.22
MVR1
912.04
912.04
MWK1
19.64
19.64
MXN1
716.83
716.83
MYR1
3,564.93
3,564.93
MZN1
233.23
233.23
NAD1
1,116.90
1,116.90
NGN1
39.18
39.18
NIO1
449.42
449.42
NOK1
1,758.32
1,758.32
NPR1
129.95
129.95
NZD1
9,822.33
9,822.33
OMR1
36,740.33
36,740.33
PAB1
14,145.65
14,145.65
PEN1
4,308.96
4,308.96
PGK1
4,323.57
4,323.57
PHP1
270.64
270.64
PKR1
122.31
122.31
PLN1
3,891.56
3,891.56
PYG1
2.51
2.51
QAR1
3,884.58
3,884.58
RON1
3,602.11
3,602.11
RSD1
141.00
141.00
RUB1
231.28
231.28
RWF1
16.44
16.44
SAR1
3,771.24
3,771.24
SBD1
1,802.12
1,802.12
SCR1
1,051.41
1,051.41
SDG1
785.43
785.43
SEK1
1,632.64
1,632.64
SGD1
10,566.72
10,566.72
SHP1
19,018.62
19,018.62
SLL1
1.81
1.81
SOS1
24.73
24.73
SRD1
1,894.16
1,894.16
SSP1
108.59
108.59
STD1
0.68
0.68
STN1
677.47
677.47
SVC1
1,617.03
1,617.03
SYP1
27.46
27.46
SZL1
1,116.24
1,116.24
THB1
442.25
442.25
TJS1
1,574.75
1,574.75
TMT1
4,030.12
4,030.12
TND1
5,596.01
5,596.01
TOP1
6,205.27
6,205.27
TRY1
3,050.12
3,050.12
TTD1
2,099.52
2,099.52
TWD1
473.59
473.59
TZS1
6.19
6.19
UAH1
543.24
543.24
UGX1
3.79
3.79
USD1
14,145.65
14,145.65
UYU1
450.84
450.84
UZS1
1.76
1.76
VEF1
0.20
0.20
VND1
0.62
0.62
VUV1
132.14
132.14
WST1
5,506.54
5,506.54
XAF1
25.41
25.41
XAG1
235,492.99
235,492.99
XAU1
18,310,104.52
18,310,104.52
XCD1
5,234.18
5,234.18
XDR1
20,161.76
20,161.76
XOF1
25.41
25.41
XPD1
14,216,309.40
14,216,309.40
XPF1
139.70
139.70
XPT1
12,844,156.02
12,844,156.02
YER1
56.45
56.45
ZAR1
1,125.20
1,125.20
ZMW1
1,385.12
1,385.12
ZWL1
43.88
43.88
Taxation Exchange Rates
31 Aug 16 - 06 Sep 16
USD 1
13,232.00
AUD 1
10,043.30
CAD 1
10,213.70
DKK 1
1,999.40
HKD 1
1,706.22
MYR 1
3,283.28
NZD 1
9,623.63
NOK 1
1,605.23
GBP 1
17,433.70
SGD 1
9,757.68
SEK 1
1,569.45
CHF 1
13,631.10
JPY 100
13,101.00
MMK 1
11.01
INR 1
197.29
KWD 1
43,920.70
PKR 1
126.23
PHP 1
285.00
SAR 1
3,528.53
LKR 1
91.12
THB 1
382.08
BND 1
9,756.53
EUR 1
14,885.50
CNY 1
1,987.61

Okusi Associates: Indonesian Business & Management Services