Co­coa is on the up

Paradise - - Strictly Business -

The most re­cent co­coa mar­ket re­ports show that co­coa pro­duc­tion has peaked at 40,508 tonnes after the co­coa pod borer dev­as­tated the in­dus­try in 2006. Ac­cord­ing to Co­coa Board of PNG’s chief ex­ec­u­tive of­fi­cer, Boto Gaupu, pro­duc­tion last year was up by 20 per cent, which re­sulted in in­creased ex­port rev­enue by 32 per cent. “Co­coa pro­duc­tion and exports in 2015 was 37,571 tonnes, an in­crease of 6856 tonnes,” he says. Pro­duc­tion and exports are ex­pected to fur­ther in­crease over the next three years, Gaupu says. The in­crease in pro­duc­tion is at­trib­uted to con­ducive weather that sup­ports crop de­vel­op­ment in PNG and the suc­cess of var­i­ous pro­grams, he says. The pro­grams in­clude freight sub­si­dies, al­le­vi­at­ing the acute short­age of seeds, and en­sur­ing there is avail­abil­ity of clonal plant­ing ma­te­ri­als that can with­stand the co­coa pod borer.

Newspapers in English

Newspapers from Papua New Guinea

© PressReader. All rights reserved.