Cocoa-based export earnings to see a 18% decline due to MCO

According to the Ministry of Plantation Industries and Commodities, the country’s export earnings contribution from cocoa and cocoa-based products is expected to record a decline by 18 percent.

The declines comes after the implementation of the Movement Control Order (MCO) that was in place as a result of the Covid-19 outbreak.

“Today, Malaysia is the second-largest cocoa beans processing country in Asia and seventh in the world, accounting for 22 per cent of the market for cocoa-based products in the Asia-Oceania region. The value of chocolate exports last year stood at RM1.14 billion compared with RM1.03 billion in 2018, an increase of 10.7 per cent,” the Ministry said in a statement.

Minister, Mohd Khairuddin Aman also undertook a working visit to monitor levels of production at the industry.

“The visit has enhanced the existing cooperation, especially between the ministry and industry to further develop the cocoa and chocolate industry, especially in Johor.

“The ministry is also committed to strengthening the upstream and downstream cocoa industry through its crop integration programme with other commodities as the new direction of the 12th Malaysia Plan,” it said.

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