Sao Tome and Principe saw income of 133.200 billion dobras (US$5.7 million) from January to September 2016 from cocoa sales, a product that accounted for 95.4% of exports of agricultural products in the period, according to a report published on Monday by the West African archipelago’s National Statistics Institute (INE).
INE added that in terms of nominal values in dobras (the Sao Tome currency) there was an annual increase of 58.7% due to “improvement in the price of cocoa” on the international market.
In terms of quantity there was an increase of 51.6% with cocoa exports rising from 1,320 tonnes (January to September 2015) to 2,000 tonnes in the same period of 2016.
The remaining 4.6% on the list of agricultural products exported was made up of coconut, coconut oil, flowers, coffee and pepper.
The list of exporting companies is headed by cocoa cooperatives Cooperativa Exportação de Cacau Biológico (Cecab), Sociedade Agro-Comercial (Agricon) and Comércio, Gestão e Investimento (CGI).
The main importers of agricultural products from Sao Tome and Principe are Portugal, the Netherlands and Belgium. (macauhub)