The International Cocoa Organization (ICCO) says Vietnam appears to be the new frontier of cocoa cultivation and is a promising region for production expansion given inadequate global supplies.

On November 30, the ICCO in a statement estimated the world production of cocoa to have hit 4.031 million metric tons for the 2015-2106 season, which is some 150,000 metric tons short of satisfying global demand.

With ordinary cocoa commanding a sales price ranging US$2,800-US$3,300 per metric ton over the past year and higher flavoured cocoa’s selling for as much as US$5,000 per metric ton— the market is ripe for Vietnam to expand production says the ICCO. Speaking earlier this year at an industry forum in Ho Chi Minh City, Laurent Pipitone, director of the economics and statistics division of the ICCO, told the audience demand for dark chocolate and fine flavour cocoa has been dramatically rising around the globe, especially in the EU and US.




The direction for Vietnam segment, he recommended, is to focus on getting a toehold in the quality premium chocolate market. To accomplish this, he said, the segment would need to reorganize and develop the capacity to efficiently produce and process large volumes of quality cocoa on a consistent basis, year in and year out.

Naturally, that would require significant investment to fund the cost of restructuring the segment, Mr Pipitone added. The segment currently has an estimated 11,200 hectares under cultivation, with productivity remaining far too low at an average of 0.85 metric tons of dry beans per hectare. This defect largely arises because of plant over density, improper shade management, and ineffective application of fertilizers and insecticides— all of which are problems that can readily be corrected.

The Vietnam government has undertaken a number of initiatives to improve infrastructure, expand training and strengthen linkages among smallholder farmers and other actors in the supply chain of the segment. With nearly 50,000 hectares of coconut and fruit trees in the Mekong Delta, and about 100,000 hectares of cashew nut trees in the southeast and Highlands regions, there is huge potential to expand cocoa cultivation and cutback production of less profitable produce, said Mr Pipitone.

Statistics of the ICCO show that two-thirds of all world production is in Africa, 17% in Asian countries and 14% comes from South America. Cocoa is mainly processed into cocoa butter, powder, paste/liquor and chocolate confectioneries. Cocoa butter is also used in the manufacture of tobacco, soap and cosmetics, but mainly for confectionery products. Out of a total of 4,395,657 metric tons of cocoa produced in 2011, the latest year for which comprehensive worldwide estimates have been prepared, Vietnam produced 6,000 metric tons of cocoa from 11,000 hectares of production.

The Southeast Asian country ranked as the 11th largest producer in the globe of cocoa behind the Dominican Republic in 10th place, which produced 54,279 metric tons. Brazil was the largest producer at 1,350,320 metric tons accounting for slightly over half (54%) of global market share. Indonesia, Ghana and Nigeria trailed Brazil in descending order of magnitude with production and global market shares of 712,200 (42%), 700,000 (42%), and 400,000 (32%), respectively. Europe remains the largest processor of cocoa by some margin, says the ICCO, but the most dynamic region is Asia, now recording an average annual growth rate of 7%, and the time is right for Vietnam to reach out and take a bigger bite of the market.

Read more at: http://english.vietnamnet.vn/fms/business/169308/vietnam-hungry-for-bigger-bite-of-cocoa-market.html

Other news

A $4.5bn disruptive buying model can overturn injustice in cocoa – thinktank

 

Post-harvest centers, such as this one from the Cacao Trace sustainability programme in Vietnam, can transform how cocoa is traded, says Center for Disruptive Innovation

 

There is a “lack of respect” for the cocoa fruit, for farmers and for the forest because fermentation – one of the most important steps for chocolate flavour development and value creation – is being overlooked. - Said Gricha Safarian, Founder of Cacao-Trace cum Managing Director of Puratos Grand-Place Indochina, who has been working in the cocoa industry for over 30 years. 

He alleged the chocolate industry had built wealth over the last 30 years by keeping farmers in extreme poverty.

Let’s listen to the latest podcast from Sustainable Food Global and hear the Experts from Center of Disruptive Innovation, who shared their views on how a $4.5bn disruptive buying model can overturn injustice in cocoa industry. 

-----------
APAC - Consumers insight for Bakery in the "new normal"

APAC - Consumers insight for Bakery in the "new normal"

 

The coronavirus outbreak has had a profound impact on consumers, changing how they live, what they eat and how they purchase.  To understand these changes in behaviour and to offer our customers in depth insights, Puratos is conducting consumer surveys around the world to discover how bakery categories will need to adapt and evolve to meet future consumer needs in the ‘new normal’.

APAC consumers were first to discover the post-lockdown life, which is why, end April, Puratos investigated how the needs for bakery items has evolved in APAC.

Where to buy baking equidments in HCM city

Where to buy baking equidments in HCM city

Bài viết này sẽ gửi đến bạn đọc tổng hợp những địa chỉ chọn mua nguyên liệu, dụng cụ làm bánh uy tín và đáng tin cậy ở Thành Phố Hồ Chí Minh.
Selfie with Puratos Grand-Place competition

Selfie with Puratos Grand-Place competition

Người tham gia chụp ảnh cùng bất kì sản phẩm sô cô la thẻ compound nào từ Puratos Grand-Place và gửi về cho Ban Tổ Chức.

The danger from "Cancer Bread Improver" and How to recognize it

The danger from "Cancer Bread Improver" and How to recognize it

Potassium bromate is a strong oxidizer that can destroy cells, which are believed to cause cancer.

The Classic French Éclair Gets a Makeover

The Classic French Éclair Gets a Makeover

The humble 19th-century éclair has surpassed the macaron as the most buzzed about Parisian bonbon of the moment, in no small part thanks to a redesign.
Bánh su kem Totoro "núc ních" cho bé vào ngày Quốc Tế Thiếu Nhi

Bánh su kem Totoro "núc ních" cho bé vào ngày Quốc Tế Thiếu Nhi

Chiếc bánh đầy sáng tạo nhưng rất dễ làm đến từ Nhật Bản, cho tiệm bánh của bạn thêm phần thú vị dịp 1/6 năm nay.

Contest "Shine your creation with ChocoRainbow"

Contest "Shine your creation with ChocoRainbow"

Thử tài sáng tạo trong việc trang trí bánh cùng sô cô la ChocoRainbow và giành những phần thưởng giá trị.

Foam cake – Modern pastries trendy

Foam cake – Modern pastries trendy

Contrary to traditional high-fat cake, modern pastries have begun to develop Foam cakes which is soft as cotton clouds nowaday.

The Farmers and Fermenters

The Farmers and Fermenters

How Puratos-Grand Place Indochina seeks to reshape the cocoa industry
Vietnam’s cocoa receives “fine flavour” designation from Int’l Cocoa Organisation

Vietnam’s cocoa receives “fine flavour” designation from Int’l Cocoa Organisation

HCM CITY — Việt Nam has become the second Asian country to achieve a fine flavour cocoa (FFC) designation from the International Cocoa Organisation (ICCO).

 

“From farming to chocolate” model boosts Vietnam’s cocoa reputation

“From farming to chocolate” model boosts Vietnam’s cocoa reputation

(VOVworld) – Vietnamese possesses some favorable microclimates for growing cocoa. Cocoa trees are grown in the central highlands and the southwestern region, where the climate is neither too hot nor too cold. Realizing Vietnam’s potential for cocoa, in 2008, Puratos Grand Place, a Belgium group, started a model called“From farming to chocolate” in Vietnam, using Vietnamese cocoa to produce made-in-Vietnam chocolate.

TẠI SAO PHẢI PHÁT TRIỂN CA CAO BỀN VỮNG???

TẠI SAO PHẢI PHÁT TRIỂN CA CAO BỀN VỮNG???

Sô cô la là hương vị được yêu thích và lựa chọn nhiều nhất hiện nay, tuy nhiên ít ai biết rằng nguồn cung ca cao – nguyên liệu chính để làm nên sô cô la – đang thiếu hụt trầm trọng trên toàn thế giới và đa phần nông dân trồng ca cao phải sống trong cảnh nghèo đói, điều kiện y tế, môi trường thiếu thốn. Do đó phát triển ca cao bền vững là vấn đề cấp bách và vô cùng quan trọng hiện nay.