date:Jul 23, 2013
anada and Mexico, where the second-quarter cocoa bean grind was pegged at 126,044 tonnes, up 12% from the same quarter a year ago, according to the National Confectioners Association. The increase in grinding was far above expectations of a 3% to 4% rise.
Cocoa bean grindings are viewed as a proxy for chocolate demand, which experienced a prolonged period of weakness following the 2008 financial crisis. Analysts said the rising U.S. equities market probably was creating something of a wealth ef