date:Jul 24, 2012
The European Cocoa Association recently reported a 18% decline in EU cocoa processing to 292,551 tonnes, while the National Confectioners Association (NCA) last week reported a 9.8% drop in cocoa grinds in North America to 112,768 tonnes.
Cocoa grind stats are a key indicator of consumer demand for chocolate and cocoa products, along with product ratios.
Cocoa demand hike in Asia
Keith Flury, senior commodity analyst at Rabobank International told: The European grinding data did surprise the