Cocoa Industry Injects SBD 261 million into the Solomon Islands Economy in 2024 – A Remarkable Increase from 2023
The Commodity Export Marketing Authority (CEMA) is pleased to announce that the cocoa industry has delivered an exceptional economic boost, driven by the sharp increase in global cocoa prices. In 2024, Solomon Islands exported 5,000 metric tons (MT) of bulk cocoa, generating an impressive SBD 261 million, marking a staggering 196% increase from the SBD 88 million recorded in 2023 for 4,220MT.
This remarkable growth underscores the resilience of the local cocoa sector and its vital role in strengthening the national economy. With soaring global demand and higher market prices, Solomon Islands cocoa farmers are reaping the benefits of this historic price hike.
This success would not have been possible without the steadfast support of the Ministry of Commerce, industry, labour and Immigration (MCILI), Ministry of Agriculture and Livestock Development (MALD), the Commodities Export Marketing Authority (CEMA), and the Privet Sectors whose dedication to revitalizing the industry has played a crucial role in strengthening production, enhancing market access, and ensuring sustainability for cocoa farmers across the country.
“This is fantastic news for our economy and a strong indicator for GNUT government policy statement 2.1.5 (d. i, and ii) support to increase the export of commodities such as cocoa industry. We extend our sincere gratitude to MCILI, MALD, CEMA and our exporters (Private Sectors), not forgetting our hard-working famers for their ongoing efforts in driving the industry forward,” Simon Chottu, Director CEMA CSC stated.
A heartfelt acknowledgment is extended to our dedicated exporters, who have played an instrumental role in ensuring the delivery and sustainability of the cocoa industry: (Active cocoa exporters 2024)
- CEMA Trading as Solomon Commodities
- BK Cocoa Enterprises
- ST Exporter
- OBO Export Agencies
- Solomon Commodity Export Ltd
- Chan Wings Ltd
- P-Tech & Pro Services
- Jamcop Co. Ltd
- David Kebu Family Cocoa Enterprise
- CATHLIRO Cocoa Development Ltd
- Martin & Brothers Enterprises
- Solfresh Products
- CCS Ltd
- Pacifiki HR
- LF & Sons Enterprises
- Unity Cocoa Enterprise
- Kaprikonia Trading Co. Ltd
- CAML Solomon Trading Ltd
These exporters have been vital in sustaining the livelihoods of cocoa farmers and ensuring the quality of Solomon Islands’ cocoa reaches international markets. Their hard work, dedication, and commitment to excellence have significantly contributed to this historic milestone.
The government remains committed to fostering continued growth in the cocoa industry, recognizing its importance in driving economic prosperity, empowering rural communities, and promoting sustainable agricultural development. With increased investment, enhanced infrastructure, and strengthened partnerships, the Solomon Islands’ cocoa sector is poised for even greater achievements in the coming years.
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