{
    "success": true,
    "data": {
        "id": 5151,
        "msgid": "cocoa-exports-to-exceed-us1-billion-1174972723",
        "date": "2007-03-27 12:18:43",
        "title": "Cocoa Exports to Exceed US$1 Billion",
        "author": "Monday, 26 March, 2007 | 16:51 WIB",
        "source": "TEMPO",
        "tags": "business",
        "topic": null,
        "summary": "TEMPO Interactive, Jakarta: Cocoa producers have stated that the value of exports this year is estimated to reach US$950 million. Head of the Indonesian Cocoa Association Halim Abdul Razak said that the growth of export this year will be between 20 percent and 30 percent. \u201cThe increase is a result of the 30 percent rise in world cocoa price last month,\u201d said Halim last week.",
        "content": "<p>TEMPO Interactive, Jakarta: Cocoa producers have stated that the value of exports this year is estimated to reach US$950 million.<\/p>\n<p>Head of the Indonesian Cocoa Association Halim Abdul Razak said that the growth of export this year will be between 20 percent and 30 percent.<\/p>\n<p>\u201cThe increase is a result of the 30 percent rise in world cocoa price last month,\u201d said Halim last week.<\/p>\n<p>He said that the price of cocoa seeds, which were previously US$1,415 per ton, has increased by between US$500 and US$1,920 per ton since early March this year.<\/p>\n<p>\u201cSeen from the overall value, the increase can be more than between 20 percent and 30 percent. However, bearing in mind the volume, the increase will be between 5 percent and 10 percent compared to 2006,\u201d said Halim.<\/p>\n<p>Previously, the government stated that the value of cocoa exports this year would reach US$1 billion, an increase compared to last year's US$800 million.<\/p>\n<p>Trade Minister Mari Elka Pangestu said that the increase in exports was caused by improvements in the sector.<\/p>\n<p>\u201cIn addition to cocoa, crude palm oil and footwear have also increased,\u201d Mari said last week.<\/p>\n<p>According to Halim, the increase in exports was triggered by the exemption of value added tax on primary products.<\/p>\n<p>\u201cIn addition, there were improvements in the on-farm sector,\u201d he said.<\/p>\n<p>Halim went onto to say that Indonesian cocoa seeds exported in 2006 totaled 450,000 tons, while production reached 590,000 tons.<\/p>\n<p>\u201cThe remainder was absorbed by domestic industry.\u201d<\/p>\n<p>Secretary General of the Association of Cocoa Industry Sasongko stated that the exempted value added tax on the primary value of cocoa seeds has automatically boosted exports.<\/p>\n<p>\u201cThe removal of cocoa import duty to China, which is the new industrial market, has helped in boosting the increase of exports,\u201d he told Tempo.<\/p>\n<p>RR ARIYANI<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/cocoa-exports-to-exceed-us1-billion-1174972723",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}