Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Cocoa Growers in Indonesia Pick About 60% of Beans, Group Says

July 9 (Bloomberg) -- Cocoa farmers in Indonesia, the world’s third-largest producer, harvested about 60 percent of this year’s estimated crop of 500,000 metric tons, according to the Indonesian Cocoa Association.

The harvest will be completed by September or October this year after flowering was delayed by rains in some areas, Dakhri Sanusi, the association’s secretary general, said in a phone interview from Makassar, South Sulawesi. Farmers finish picking most beans typically by July every year, he said. Rising domestic demand may cut exports as the Southeast Asian producer has installed grinding capacity of about 600,000 tons, he said.

Futures have risen 6.8 percent in New York this year, increasing cost at Hershey Co. and Barry Callebaut AG, the largest market of bulk chocolate. Indonesia’s cocoa output may climb 15 percent to 20 percent in 2013 after growers boosted planting, John Bako Baon, a senior research scientist at the Indonesian Coffee and Cocoa Research Institute, said June 13.

Exports from Central and South Sulawesi provinces dropped 52 percent in the first half to 31,173 tons, the association said July 3. Sulawesi island, the country’s main growing region, represents about 75 percent of bean exports.

To contact the reporter on this story: Yoga Rusmana in Jakarta at yrusmana@bloomberg.net

To contact the editor responsible for this story: Jake Lloyd-Smith at jlloydsmith@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.