The Cocoa Business in the Dominican Republic

Between 2016 and 2017, cocoa exports plummeted by 41%, going from $227 million to $134 million, a reduction largely explained by weather conditions.

Thursday, May 24, 2018

According to representatives from the sector, in order to boost the crop in the country investment needs to be made in replacing plantations, as the performance currently recorded shows far from ideal figures.

In this regard, Juan Cuello, executive secretary of the National Cocoa Commission, explained to that " ... The Dominican Republic must strengthen the plantation replacement program, since the existing ones are suffering from very low yields ... "Most of the cocoa plantations in the country offer a yield of 70 pounds per tarea, when the ideal is that it averages 200 pounds.'"

According to the article " ... From 2013 to 2017, raw cocoa accounted for 94.91% (US $1.2268 billion) of the currencies generated by cocoa, while roasting reached only US $2.8 million, for 0.21% of the US $1.29248 billion raised in the period."

In relation to the climate effects, reports that " ...The cacao farmers affirm that in 2017 production had a significant decrease, due to damage caused by the natural phenomena Irma and María."

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More on this topic

Nicaragua Sells Less Cocoa

January 2019

Even though in 2018 cocoa was better quoted internationally, the volume sold abroad fell 8% compared to 2017, going down from 4,238 to 3,886 tons.

In contrast to the negative variation in the volume traded, figures from the Export Processing Center (Cetrex) detail that between 2017 and 2018 the value of exports registered a 18.9% growth, increasing from $5.3 million to $6.3 million.

Nicaraguan Cocoa in the "Big Leagues"

September 2015

The country's inclusion in the list of fine cacao producers drawn up by the International Cocoa Organization has improved product positioning in the major buyer markets.  

From a statement issued by ProNicaragua:

As of September 21st, Nicaragua joined the list of countries of fine cocoa producers drawn up by the International Cocoa Organization (ICCO), after the country’s cocoa production was recognized as 100 percent fine cocoa.

Panamanian Cocoa Looking for New Markets

November 2012

New destinations like the Czech Republic, Japan and Slovakia could open up to Panamanian organic cocoa if the ongoing negotiations bear fruit.

Producers are waiting for the results of samples sent to these destinations, said Elma Downs, Director of Marketing for Cooperative of Multiple Services for Cacao from Bocas del Torro (COCABO RL).

Panamanian Cocoa For the Entire World

September 2011

The fruit grown in the provinces of Colon, Cocle and Bocas del Toro is consumed in Costa Rica, Brazil and Europe .

Growing international demand for cocoa produced in Panama has led producers to increase acreage and improve product characteristics using genetically improved seeds.

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