Bloomberg Commodity Index Inclusion Lifts Cocoa Reference Prices in February

RRI.CO.ID, Jakarta - The Ministry of Trade said the planned inclusion of cocoa bean trading in the Bloomberg Commodity Index (BCOM) futures exchange has contributed to higher reference prices for cocoa beans in February 2026.

In a statement issued in Jakarta on Monday, February 2, the ministry set the reference price (HR) for cocoa beans for February at USD 5,717.45 per metric ton, up USD 55.07, or 0.97 percent, from January.

The increase has also pushed up the export benchmark price (HPE) for cocoa beans in February to USD 5,350 per metric ton, rising USD 54, or 1.03 percent, from the previous month.

“The increase in HR and HPE for cocoa beans in February 2026 was influenced by the planned inclusion of cocoa bean trading in the Bloomberg Commodity Index futures exchange and an increase in demand that was not matched by an increase in supply,” said Tommy Andana, Director General of Foreign Trade at the Ministry of Trade, as quoted by Antara.

The export duty (BK) on cocoa beans for the February 1–28, 2026 period remains at 7.5 percent, in accordance with the applicable Ministry of Finance regulations.

Meanwhile, the export levy (PE) on cocoa beans for the same period is also set at 7.5 percent.

Tommy noted that export benchmark prices for other agricultural and forestry products, including leather, wood, and pine resin, remained unchanged since January 2026.

In addition, branded cooking oil products made from refined, bleached, and deodorized (RBD) palm olein with net packaging of 25 kilograms or less are subject to a zero export duty, as stipulated in a ministerial decree. ***