Wednesday, December 28, 2011

High Hopes from Malaysian Trader

The Philpress News & Features earlier this year reported about a Malaysian trader who said that his company is poised to buy all of the cacao produced from the Philippine region over the next 10 years. He says that Davao is a perfect location for producing cocoa because of the great soil, the good rain fall, and the area is not often hit by extreme weather.

Quite simply, the demand for cacao is greater than supply sources. Even with the Philippines meeting its goal for producing 100,000 metric tons by 2020, there would still be larger demand both locally and internationally for cocoa.

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