What is the price of cocoa beans per kilogram/pound in Papua New Guinea today?
The retail price range for Papua New Guinea cocoa beans is between US$ 1.90 and US$ 6.44 per kilogram or between US$ 0.86 and US$ 2.92 per pound(lb). Click here to see today's exact prices of cocoa beans in Papua New Guinea
The retail price range in Kina for cocoa beans is between PGK 6.71 and PGK 22.72 per kilogram or between PGK 3.04 and PGK 10.30 per pound(lb) in Port Moresby and Lae.
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Enquire NowWholesale prices
In 2024, the approximate wholesale price range for Papua New Guinea cocoa beans is between US$ 1.33 and US$ 4.51 per kilogram or between US$ 0.60 and US$ 2.05 per pound(lb).
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Prices of other produce in the Processed category in Papua New Guinea: Milk & Cream, Yogurt, Kefir & Buttermilk, Whey, Butter, Cheese, Natural Honey, Coffee, Green Tea & Black Tea.
See prices of cocoa beans in other countries across Oceania: Fiji cocoa beans, French Polynesia cocoa beans, Guam cocoa beans, Micronesia cocoa beans, New Caledonia cocoa beans, Papua New Guinea cocoa beans, Samoa cocoa beans, Solomon Islands cocoa beans, Tonga cocoa beans & Vanuatu cocoa beans.
Papua New Guinea cocoa beans - Production, Exports, Imports, Seasons and HS Codes
In 2019 Papua New Guinea sold 25,853 tonnes of cocoa beans. For 2019 alone, the demand for Papua New Guinea cocoa beans (processed category) has reduced, changing by -28.795 percent compared to the year 2018. Between 2017 and 2019, cocoa beans' exports decreased by -30.98 percent earning the country US$63.23m for the year 2019. Papua New Guinea's cocoa beans exports are classified as:
- Cocoa beans, whole or broken, raw or roasted (HS code 180100)
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Papua New Guinea cocoa beans export values
In 2019, Papua New Guinea supplied cocoa beans costing 63.23m USD, a reduction of -24.80% from 2018's total cocoa beans export of 84.085m USD. The annual change in value of Papua New Guinea cocoa beans between 2017 to 2018 was 1.243 per cent.
The per year change in the quantity of Papua New Guinea's cocoa beans exports between 2017 and 2019 was -30.98 percent compared to a variation of -28.795% in the period between 2018 and 2019.
Export markets for Papua New Guinea cocoa beans ( in '000$ )
Papua New Guinea's top destinations for cocoa beans are Malaysia, Indonesia, US, Belgium and Singapore.
Papua New Guinea purchased 1 tonnes of cocoa beans in 2019.
Production
The production of cocoa beans in Papua New Guinea was 45,668 tonnes in 2019 and is projected to change by an average of 0.15%. The country had approximately 112,357.00 hectares under cocoa beans cultivation.
Farm gate prices vary across regions
Cocoa farmers living in the cocoa-producing region of Wewak in East Sepik province were receiving a record 1500 kino ($385) per 64 kg bag or $7.07 per kg on March 2, 2024. This was one of the highest price, including neighboring Indonesia. The reigning global shortage and trader competition in this region were the reasons for the astronomical price climb, reported Post-Courier.
At the same time, western provinces were stuck with the average price of between 450 kino ($115.74) and 480 ($123.46) kino per 64 kg bag. In comparison with East Sepik, the rest of PNG has relatively stable supplies, hence the price stability.
Papua New Guinea not only grows but produces its own cocoa products. One such national provider is Paradise Foods, which makes the popular Queen Emma cocoa and chocolate products. The company sources from farmers at a rate above normal prices. In 2020, for instance, it made chocolate by buying cocoa beans from farmers for up to 600 kino ($154.43) kino per 60 kg bag, according to The National newspaper.