• ENGLISH
  • ESPAÑOL
facebook
twitter
  • National>Entertainment
  • National>Local Economics
  • National>Local Politics
  • National>Society
  • National>Sports
BREAKING NEWS
Ecuador’s oil production falls 51% due to national strike
Guillermo Lasso announces that the National Police and the Armed Forces will act with the necessary means to defend public order and democracy
“Cacerolazo” for Peace in Quito
Contecon will extend the free storage time by 40%, in support of the export sector affected by strikes
76.4% of Ecuadorians consider that the national strike should end after the dialogue, according to Cedatos
BanEcuador will forgive debts of up to USD 3,000 to 9% of its clients
Leonardo Bohrer-Nicolás Lapentti, a binomial with a sporting past that seeks to win the elections at the Guayaquil Tennis Club
Commercial sector experienced an economic blow on Father’s Day
Ecuador, among the countries that suffer the most from the war in Ukraine
Desperation in prisons is a ‘ticking time bomb’

Chocolates account for 1% of cocoa sales in Ecuador

Posted On 01 Jun 2018

Ecuadornews:

 

He has been working in that world since he was 10, but it was not until 2016, and after specializing in new business lines, that Abdón Heras, along with his wife, Enma Martínez, set up his company, Chocobend.

Since then they have maintained a process of production and stockpiling of cocoa, in a small center at km 31 of track 26-El Triunfo, in order to invest in machinery and add value to cocoa.

According to Pro Ecuador, those that export chocolate are 61 companies and 39 those that export semi-finished products, such as powder, fat, oil, lard and pasta.

However, these only represent 1% and 8%, respectively, which in tons translates into 1,717 t of finished products and 23,143 t of semi-finished products, according to figures from the 2017 National Association of Cocoa Exporters (Anecacao). In contrast, cocoa bean accounts for 91% of total exports with 281,938 t.

Juan Pablo Zúñiga, president of Anecacao, acknowledges and regrets that the demand for cocoa is focused on the grain, but explains that it is due to the demand of 90% of the industries in the world that prefer to take the cocoa beans to make their formulas. But he warns that despite the low percentage companies generate higher profits, which is reflected in a growth of more than 90% since 2008.

The highest profit / added value ratio is applied by companies such as Pacari and República del Cacao, with more than 12 years exporting chocolates; and Ecuakao, which shares its production between cocoa bean (55%) and liquor (45%).

Mariuxi Espinosa, from Ecuakao, points out that while the price of a ton of grain is around $ 2,500, for the liquor price they receive $ 3,900. Other experts maintain that the tonne of butter is between $ 10,000 or $ 12,000; and the dust between $ 1,500 and $ 2,000.

Andrés Naula, Supply Chain Manager of República del Cacao, says that the company started in 2007 with direct sales to the final consumer, but in 2014 with an alliance with the French firm Savencia Group, and an investment of about $ 2 million, the industrial plant was built for the export of products to wholesale businesses.

In the 2017 Republic of Cocoa reported sales of $ 3.1 million and this year projected $ 4.1 million, 32% more.

Meanwhile, Pacari began exporting chocolate bars to England and the United States in 2008. Santiago Peralta, who founded the company in 2002 along with Carla Barbotó, says they started with an initial investment of $ 5 thousand and are now in a phase of penetration to gain new markets that join the 40 destinations to which Pacari arrives, which has increased its exports by 15% and aims to grow 10% more this year.

Zúñiga recognizes the good development of brands of companies that export finished and semi-finished products and ensures that we work to grow up to 20% in the next 10 years.

Industry

According to the Franco-Ecuadorian Chamber of Commerce and Industries, cocoa producers in the world are around 5.6 million, in 2017, the chocolate industry represented $ 100 billion. Global production reached 4.7 million tons, resulting from a 3% annual increase in demand during the last 100 years. (I)

 

 

Source: https://www.eluniverso.com/noticias/2018/06/01/nota/6787145/chocolates-son-1-ventas-cacao

About the Author
  • google-share
Previous Story

Ecuador will attend meeting of the Pacific Alliance

Next Story

Coffee and cocoa in latitude 0 ° attract tourists in the Chocó Andino

SEARCH

LATEST NEWS

Ecuador's oil production falls 51% due to national strike

Posted On 24 Jun 2022

Guillermo Lasso announces that the National Police and the Armed Forces will act with the necessary means to defend public order and democracy

Posted On 24 Jun 2022

"Cacerolazo" for Peace in Quito

Posted On 23 Jun 2022
Copyright © 2010 - 2019. All Rights Reserved. EcuadorTimes.net