Business

Cocoa beans, products export value predicted to increase further this year: deputy minister

RM3.2 billion recorded from January to May alone, says Datuk Seri Wee Jeck Seng

Updated 3 years ago · Published on 24 Jul 2022 4:35PM

Cocoa beans, products export value predicted to increase further this year: deputy minister
Plantation Industries and Commodities Deputy Minister Datuk Seri Wee Jeck Seng (centre) says the export value of cocoa beans and cocoa products increased 9.6% to RM6.87 billion last year compared with RM6.27 billion in 2020. Plantation Industries and Commodities Deputy Minister Datuk Seri Wee Jeck Seng said the export value of cocoa beans and cocoa products increased 9.6% to RM6.87 billion last year compared with RM6.27 billion in 2020. – Bernama pic, July 24, 2022

PEKAN NANAS – The export value of cocoa beans and cocoa-based downstream products is expected to continue to increase this year after recording an encouraging increase last year, following the positive trend of demand for local products abroad.

Plantation Industries and Commodities Deputy Minister Datuk Seri Wee Jeck Seng said the export value of cocoa beans and cocoa products increased 9.6% to RM6.87 billion last year compared with RM6.27 billion in 2020.

“This year, from January to May alone, as much as RM3.2 billion in export value has been recorded, proving that this sector has potential,” he told reporters after officiating the Tg Piai chocolate entrepreneurship centre here today.

Among the cocoa-based downstream products that are in high demand are cocoa powder, cocoa paste and chocolate products with great demand coming from the Middle East and Asean countries.

Wee said various programmes have been created by the government through the Entrepreneur Development Programme for Homemade Chocolate under the Entrepreneur Development Project for Homemade Chocolate and the Cocoa Promotion Programme in the 12th Malaysia Plan to produce more entrepreneurs and high-value cocoa-based local products.

He said the programme has successfully developed 242 handmade chocolate entrepreneurs across the country so far.

Therefore, he said the newly opened entrepreneurship centre is expected to help in generating local income, especially for the B40 group and also the youth.

“This entrepreneurship centre is the first to be developed in collaboration with the Malaysian Cocoa Board and the Institute of Malaysian Plantation and Commodities.

“Anyone who is interested, we will give them training. We want to produce valuable entrepreneurs using the right business model so that when they go through training from one level to the next, they will create a product and give a good return,” he said.

He said the course participants would be given exposure to handmade chocolate-making skills, the basics of entrepreneurship as well as assistance in marketing and selling products at the same premises as a kick-start support service to become a chocolate entrepreneur.

“At the initial stage of implementation, this centre is scheduled to guide as many as 300 potential entrepreneurs.

“This centre is able to create opportunities to generate income for the B40 people in this area who are interested in venturing into the handmade chocolate manufacturing industry,” he added. – Bernama, July 24, 2022

Related News

Food / 2y

Why chocolate prices could be set to soar

Malaysia / 3y

No plans to overthrow govt, MCA affirms support for Anwar

Malaysia / 3y

Smallholders hit by Johor floods to get new farming equipment: Fadillah

Malaysia / 3y

Economic Ministry to work with other ministries to enhance govt revenue: Rafizi

Malaysia / 3y

GE15: BN will put on tough but healthy fight in Tg Piai, MCA’s Jeck Seng says

Business / 3y

Cocoa, products export revenue at RM3.6 bil as of June: MCB

Spotlight

Malaysia

PRNNS: Loke: 'We must win all 11 seats to help PH form state government'

Sports & Fitness

Spain ends Argentina’s World Cup reign with extra-time triumph to reclaim global crown

World

Cat found alive after being buried under Venezuela quake rubble for days (video)

Malaysia

“Resign if you attack fellow Unity Government partners,” Anwar enforces discipline

Malaysia

PH youth wing calls on BN ministers to quit cabinet over PN electoral alliance

Malaysia

Rosmah asks for prayers as Najib prepares for medical procedure

Malaysia

Woman at a loss after fake Hong Kong lawyer offers to recover money from previous scam

You may be interested

Business

Malaysia posts record RM340.9 billion trade in June as exports jump 45.4%

Business

Plastics industry faces tough year as raw material volatility add to cost pressures

Business

Oil prices rally above US$84 per barrel as US-Iran conflict deepens