Cocoa Exports From Indonesia Seen Lowest Since ‘01 on Grind
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Cocoa bean exports from Indonesia, the largest producer after Ivory Coast and Ghana, will decline for the fourth straight year to the lowest in more than a decade on increased demand from local grinders, a growers’ group said.
Exports may tumble as much as 26 percent to 100,000 metric tons this year, according to Dakhri Sanusi, secretary-general of the Indonesian Cocoa Association. Shipments were 210,067 tons in 2011, 432,427 tons in 2010 and 439,305 tons in 2009, data from the group showed. A total of 100,000 tons would be the smallest amount since at least 2001, when the group’s data series begins.