Sao Tome sells US$5.1 million in cocoa in 2011

6 March 2012

Sao Tome and Principe netted around 92 billion dobras (US$5.1 million) from cocoa exports in 2011, which accounted for 96 percent of the country’s agricultural exports last year, the archipelago’s National Statistics Institute (INE) said Monday in Sao Tome.

According to INE revenues from cocoa sales in 2011 fell 8 percent against 2010 when the country netted 99 billion dobras (US$5.5 million) from cocoa exports.

In terms of quantity, there was a fall of 8.1 percent in the period with cocoa exports falling from 2,413 tons in 2010 to 2,218 tons in 2011.

The biggest exports after cocoa were coconut with sales of around US$910,000, chocolate with US$580,000 and oil with US$388,000.

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 international importers of Sao Tome agricultural products are Portugal, the Netherlands, Belgium, Angola, the Bahamas, and France.

Cocoa crops were introduced to Sao Tome by Portuguese colonists in the 19th century and to this day is the basis of the Sao Tome and Principe economy. (macauhub)