Agri Business

Wet cocoa bean price down, dry remains unchanged

A.J. Vinayak Mangalore | Updated on July 11, 2012 Published on July 11, 2012

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High water content in wet cocoa beans has made Central Arecanut and Cocoa Marketing and Processing Cooperative Ltd (Campco) to lower its price to Rs 33 a kg.

Mr M. Suresh Bhandary, Managing Director of Campco, told Business Line that due to the high water content, the cooperative has fixed Rs 33 a kg for wet cocoa beans. Earlier, the price was Rs 40 a kg. He said water content is more in wet cocoa beans after the rains started.

“However, the price of the dry cocoa beans remains at Rs 135-140 a kg. There is no change in that,” he said.

The reduction in the price of wet beans is because of the proportionate decline in its yield. The wet-to-dry beans yield has come down to 24.5 per cent. During summer, it was around 33 per cent.

(This means 100 kg of wet cocoa beans, which yielded 33 kg of dry beans in summer, yielded 24-25 kg of dry beans during the rainy months.)

Stating that the cooperative tried to maintain the price of Rs 40 a kg, he said in recent days it got several lots of wet cocoa beans whose yield was below 25 per cent. “Proportionately we brought down the price by Rs 7 a kg,” he said, adding: “We have not reduced the rates of dry beans. If the growers supply us the dry beans, we give them the price of Rs 135-140 a kg.”

Stating that the arrivals of cocoa beans started early this season, he said that the arrivals were good during April-May months. Then the cooperative procured wet cocoa beans in the price range of Rs 43-48 a kg, Mr Bhandary said

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Published on July 11, 2012
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