Vietnam has an excellent opportunity to develop its cocoa industry as it is predicted there will be a global shortfall of around 200,000 tonnes of raw cocoa in 2010.

This assessment was made by a senior official from the US-backed cocoa company, Cargill Vietnam, at a seminar on developing the cocoa industry, jointly held by the provincial Department of Agriculture and Rural Development and US non-governmental organisation ACDI/VOCA in the Central Highlands province of Lam Dong on December 10.

He said that most cocoa growers in Vietnam still lack knowledge of post-harvest processing technologies so the quality of their products is not very high.

To be able to penetrate the global market, Vietnam needs to focus on improving knowledge of post-harvest preserving methods and technologies for farmers, expanding cocoa-growing areas and increasing output, he added.

Vietnam now has some 12,000 ha of cocoa, mainly in the Central Highland province of Dak Lak and the southern provinces of Ben Tre and Ba Ria-Vung Tau.

With an annual output of around 1,000 tonnes of processed beans, Vietnamese cocoa only accounts for a small share of the world market and analysts estimate that it will only make up 2 percent of global output by 2020./.