Cocoa bean exports from Sulawesi, Indonesia’s main growing region, dropped 38 percent in November from a month earlier because of limited vessel availability, an industry group said.
Shipments from the provinces of South and Central Sulawesi declined to 21,173 metric tons last month, from 33,898 tons in October, the Indonesia Cocoa Association said in a faxed statement today. Sales were 33,329 tons in November last year.
“Exports were lower because of changes in shipping schedules” caused by limited vessels, Herman Agan, head of the Central Sulawesi branch of the association, said by telephone from Palu, the provincial capital. “Exports may pick up again this month, adding delayed shipments from November.”
Falling supplies from Indonesia, the largest producer after Ivory Coast and Ghana, may help to halt a decline in the prices of the chocolate ingredient, which have dropped about 11 percent in New York this year. Sulawesi accounts for about 75 percent of total output and sales from the Southeast Asian country.
From January to November, overseas sales from the island in eastern Indonesia declined 2 percent from a year ago to 240,973 tons, the group said.
Cocoa futures for March delivery climbed 2.3 percent to $2,935 a ton in ICE Futures U.S. in New York on Dec. 3.
To contact the editor responsible for this story: James Poole at jpoole4@Bloomberg.net;