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Indonesian cocoa drop

This article was originally published in The Public Ledger

COCOA production in Indonesia is expected to fall below forecasts and range between 435,000 and 450,000 tonnes this year, the Indonesian Cocoa Association (Askindo) said on Wednesday, as dry weather and disease curb output. Cocoa bean exports will also fall 29% to 150,000 tonnes because of rising domestic grinding capacity. Earlier this year, Askindo had predicted cocoa production to rise to 475,000 tonnes in 2012.



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