22-04-2025
- Business
- New Straits Times
Cocoa export doubles to RM15.06bil in 2024
KOTA KINABALU: The cocoa industry recorded an export value of RM15.06 billion last year, said Malaysian Cocoa Board (MCB) director-general Datuk Dr Ramle Kasin.
In 2023, the export value for the commodity was reported at RM8.21 billion.
Sabah played a key role, contributing 60 per cent of national cocoa production.
Malaysia's major cocoa importers include Singapore, the United States, Japan and several other Asian countries.
Ramle said Sabah has an edge over other states due to its use of modern technology, advanced processing methods, effective marketing strategies and attractive packaging.
"Most farmers in Sabah are skilled in cocoa cultivation," he added.
"Sabah has over 3,000 hectares of cocoa plantations, cultivated by about 3,000 cocoa farmers in areas such as Ranau, Tenom, Kota Marudu, Keningau, and Kuamut.
"The state also produces high-quality human capital to manage cocoa production and related industries.
"Additionally, we have a significant advantage in terms of high-quality planting materials," he said during the MCB Media Appreciation Night held at a hotel here last night.
The price of cocoa has tripled from RM8,000 per tonne in 2023 to between RM20,000 and RM35,000 per tonne in 2024.
"Although the price fluctuates, it remains attractive at around RM20 per kilogramme of dried cocoa," he said.
"This is a strong motivation for existing cocoa growers and an incentive to attract new ones."
Although weather remains a challenge affecting yields, Ramle said MCB has developed quality planting materials that can adapt to local climates and changing weather conditions.
The board has also conducted research and development to improve planting materials and fertilisers, and has ventured into Internet of Things (IoT) applications to boost productivity and reduce reliance on manual labour.
"With current returns, many estates are returning to cocoa cultivation, which will further expand the sector," he added.
MCB chairman Datuk Matbali Musah said several countries including those from Europe, Japan, and the Asian region have confirmed their participation in the Malaysian International Cocoa Fair 2025, scheduled to be held from May 24 to 27 at the Sabah International Convention Centre here.
"This programme will help boost Malaysia's image globally, and we are proud that Sabah will be the host," he said.
