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Friday, February 17, 2012

Cocoa Rises in Market Demand

BANDA ACEH: Aceh marketing of dry beans for export markets improved in the past week following an increase in demand from consumer countries.

Operations manager for Aceh Cocoa Forum (FKA) Azmil Age in Banda Aceh, said the improvement in market demand for dry beans resulted in commodity prices continue to rise, reaching Rp19.300/kg container merchant level.  


He explained that in recent days the price of dry beans container merchant level has increased by Rp1.800/Kg following the high interest of investors from cocoa consuming countries like the U.S. and Europe to buy the commodity.

"It is likely that prices will continue to improve if the economy in Europe and America continue to improve," he said.

He said the price hike on one of the leading komodditas the westernmost tip of the province of Indonesia was also due to the expiration of the harvest in Africa. Africa is one of the world's largest cocoa producing country.

"The high interest of investors from cocoa consuming countries have a positive impact on commodity prices in the market," he said.

Azmil explained, cocoa supplies in the province of the western tip of Indonesia is still insufficient to meet market demand locally, nationally and internationally.

Aceh province has a productive cocoa area about 70 thousand hectares with an average production of 350 kg to 400 kg / ha.

The productive area is spread over eight districts including the center of the cocoa Pidie, Pidie Jaya, Bireuen, North Aceh, East Aceh and Aceh Tamiang.

(dn/DN/bd-ant)BD-S

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