Cocoa Bean Prices Rise 2.45% Due to High Demand

Jakarta (ANTARA) - The Ministry of Trade (Kemendag) states that the 2.45% rise in the reference price (HR) for the cocoa bean commodity in the May 2026 period is due to increasing demand not accompanied by an increase in production volume.

In a statement in Jakarta on Thursday, the Director General of Foreign Trade (Kemendag), Tommy Andana, said the HR for cocoa beans has been set at $3,268.68 per MT, up 2.45% or $78.05 from the previous period.

As a result, the export benchmark price (HPE) for cocoa beans in May 2026 has risen to $2,963 per MT, an increase of $77 or 2.66% from the previous period.

“The HR and HPE for cocoa beans are rising due to an increase in demand not followed by an increase in production. Additionally, concerns over supply shortages are also contributing to the rise in HR and HPE for cocoa beans,” said Tommy.

The determination of the cocoa bean export duty (BK) for the May 2026 period refers to Column 3 of Appendix Letter B of PMK Number 38 of 2024 jo. PMK Number 68 of 2025, which is 5%.

Meanwhile, the cocoa bean export duty (PE) for that period refers to Appendix Letter C of PMK Number 69 of 2025 jo. PMK Number 9 of 2026, which is 5%.

On the other hand, the HPE for other agricultural and forestry commodity products for the May 2026 period remains unchanged from the previous period.

“Other commodities such as the HPE for hide, wood, and pine resin products in May 2026 are still the same as in the April 2026 period,” said Tommy.