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Cocoa Has-beens

Tuesday, November 2, 2004

For three years, the Association of Primary Commodities has been requesting that VAT be abolished on certain commodities—but the Department of Finance objects.

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WHAT is currently happening to cocoa processing companies is somewhat akin to the proverb about the mouse that died inside a rice barn. Four of the 15 cocoa processing companies are having to close down their factories because raw materials are just not available in the market. And even if they were, the prices would be higher than prices on the international market.

This really is very odd indeed, bearing in mind that Indonesia is in fact t

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