Indian Express

Express India

Screen

Loksatta

Express Cricket

Kashmir Live

Biz Publications
 
Make this your homepage | RSS

Kochi co to export 100 tonne cocoa

Commodities Bureau

Posted: 2008-09-05 01:24:04+05:30 IST
Updated: Sep 05, 2008 at 0124 hrs IST

Kochi, Sept 4: With the receipt of fair trade certification from European agencies, Kochi-based Indian Organic Farmers Producer Company Ltd (IOFPCL) is likely to export 100 tonne of organic cocoa in 2008-09, company sources told FE. IOFPCL is farmers’ collective formed in 2004 to promote the cultivation and export of organic produce. “We have already exported 35,000 kg of cocoa in the last four months to Switzerland and hope to achieve our target of 100 tonne in the current fiscal,” Shiny George, CEO, IOFPCL, said.

IOFPCL has a contract with Switzerland-based chocolate manufacturer Chocolate Stella SA to supply high quality organic cocoa, Shiny said. “They have assured us that they can consume up to 100 tonne in a year,” she added. The organisation had to wait three years to get the certification, which helps in getting a hefty premium for the products, Shiny added.

Cocoa growers in India mainly depend on Cadbury, a major chocolate maker, to sell the commodity. Directorate of cashew and cocoa development (DACCD) sources reveal that international chocolate manufacturing companies are turning to India because the quality of Indian cocoa beans is considered better compared to others. Currently, cocoa is cultivated around 30,000 hectare in the country. Andhra Pradesh is the leading state with 13,500 hectare, followed by Kerala with 10,500 hectare under cocoa.

Dry cocoa beans now fetch around Rs 80 per kg, while raw cocoa gets Rs 25-Rs 33 per kg. According to DACCD figures, India’s cocoa output is around 10,000-12,000 tonne per year. The country also imports around 4,000 tonne of cocoa beans every year. India is placed fourth in global cocoa production.

Discuss this story on expressindia forums

Post Comments

Comments: (Limit 3,000 characters)
Name
Message
Email ID
Subject
TERMS OF USE:
The views, opinions and comments posted are your, and are not endorsed by this website. You shall be solely responsible for the comment posted here. The website reserves the right to delete, reject, or otherwise remove any views, opinions and comments posted or part thereof. You shall ensure that the comment is not inflammatory, abusive, derogatory, defamatory &/or obscene, or contain pornographic matter and/or does not constitute hate mail, or violate privacy of any person (s) or breach confidentiality or otherwise is illegal, immoral or contrary to public policy. Nor should it contain anything infringing copyright &/or intellectual property rights of any person(s).
I agree to the terms of use.

Comments
» Cocoa Beans
Posted by pankaj on 2008-09-05 17:10:59.132401+05:30
We are looking for cocoa beans in india. If any good supplier on a regular basis pl contact us immediately, we require 2000Mt every month. pl email to us as early as possible.

» Cocoa Beans
Posted by pankaj on 2008-09-05 17:10:57.102608+05:30
We are looking for cocoa beans in india. If any good supplier on a regular basis pl contact us immediately, we require 2000Mt every month. pl email to us as early as possible.

» Cocoa Beans
Posted by pankaj on 2008-09-05 17:10:39.173171+05:30
We are looking for cocoa beans in india. If any good supplier on a regular basis pl contact us immediately, we require 2000Mt every month. pl email to us as early as possible.

Express Classifieds
Post and view free classifieds ad
Send Gifts
Flowers and Gifts
Express Astrology
Know what's in the stars for you