Does it mean more chocolates? India cocoa output estimated to cross 20k tonne by FY 17

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Kochi | Updated: May 26, 2016 9:18:38 AM

Cocoa production in India is estimated to cross 20,000 tonnes by the end of 2016-17 with new plantations bearing fruits, officials of Kochi-based Directorate of Cashew and Cocoa Development (DACCD) said.

Cocoa imports, Indian imports, DACCDCocoa production in India is estimated to cross 20,000 tonnes by the end of 2016-17 with new plantations bearing fruits, officials of Kochi-based Directorate of Cashew and Cocoa Development (DACCD) said.

Cocoa production in India is estimated to cross 20,000 tonnes by the end of 2016-17 with new plantations bearing fruits, officials of Kochi-based Directorate of Cashew and Cocoa Development (DACCD) said.

Production touched 17,200 tonnes in the last financial year, registering a healthy growth of 6-8 %, with new areas in Andhra Pradesh and Tamil Nadu entering the productive stage, Venkatesh N Hubbali, director of DACCD, told FE.

India imports more than half of its requirement of cocoa every year with demand increasing at a healthy rate of 8% per annum. The Indian chocolate market is thought to be worth some R15 billion and has been hailed as offering great potential for Western chocolate manufacturers, as the market is still in its early stages.

Venkatesh said that another 6,000 hectares will be planted with cocoa in the current fiscal under various government schemes. Average realization from cocoa stood around R150-180 per kg of beans and even touched R210 at one stage, he added.

“Good and steady returns from cocoa in the past few years is prompting more farmers to take to the crop. Many farmers in Idukki district of Kerala have even replanted rubber with cocoa with rubber prices seen low and volatile,” he said.

Currently, 68,000 hectares are under the commodity in India with 16,000 hectares in the state of Andhra Pradesh, followed by Kerala with 11,000 hectares. DACCD has plans to bring another 75,000 hectares under cocoa cultivation in the next five years.

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