Govt expects global cocoa price hike to impact domestic industry soon

The price of cocoa futures skyrocketed by more than 130% to around US$9,900 per tonne in March. — The Jakarta Post

JAKARTA: Indonesia expects a surge in the global price of cocoa may soon affect domestic food and beverage producers, with the Industry Ministry urging firms to anticipate the impact on their businesses.

The price of cocoa futures skyrocketed by more than 130% to around US$9,900 per tonne in March, compared with the beginning of this year, according to Trading Economics.