KOTA KINABALU, June 23 — The government together with stakeholders are now working to address the issue of raw material shortage facing the country’s cocoa industry, said Plantation Industries and Commodities Minister Datuk Zuraida Kamaruddin.

She said the production of raw materials in the country, especially cocoa beans, at present could not meet the demand needed for the domestic cocoa products market, let alone to meet the demand for overseas markets.

According to the International Cocoa Organisation, Q4 grindings data signalled that cocoa demand was strong amid the reopening of the global economy with bean surplus and affordable cocoa beans supporting the increase in cocoa processing activities by chocolate manufacturers. (File pic shows Guan Chong factory.)

PETALING JAYA: Stronger demand for cocoa products amid a resumption of tourism activities has helped boost margin recovery for Guan Chong Bhd

The cocoa product maker saw the earnings before interest, taxes, depreciation, and amortisation (Ebitda) yield recover to RM1,400 per tonne in the fourth quarter ended Dec 31, 2021 (Q4) compared to RM879 in Q3 thanks to a higher sales ratio and lower input costs.