Sao Tome and Principe cocoa exports total US$5.6 million in 2010

25 March 2011

Sao Tome, Sao Tome and Principe, 25 March – Sao Tome and Principe netted around 100 billion dobras (US$5.6 million) from cocoa exports in 2010, which accounted for 94 percent of the country’s agricultural exports last year, according to the archipelago’s National Statistics Institute (INE).

The statement issued by INE said that in terms of nominal value in dobras the year on year rise was due to “the price and good quality of Sao Tome cocoa on the foreign market.”

In terms of quantity, there was a fall of 14.5 percent in the period with cocoa exports falling from 2,727.6 tons in 2009 to 2,332.2 tons in 2010.

The remaining 6 percent on the list of exported agricultural products was made up of coconut, coconut oil, flowers and plants.

The list of Sao Tome cocoa exporters in 2010 was topped by Cooperativa Exportação de Cacau Biológico (Cecab), followed by Sociedade Agro-Comercial (Agricon) and Sociedade de Comércio, Gestão e Investimento (CGI).

The main importers of the cocoa were Portugal, the Netherlands, Angola, the Bahamas, France.

Sao Tome and Principe, which has around 160,000 inhabitants, is still dependent on the cocoa introduced by Portuguese colonists in the 19th century and its production levels have been falling over the last few decades due to lack of land on which to grow it, lack of financing and a lack of effective treatment of the plantations. (macauhub)