Cocoa processing demand

Cocoa processing in Europe probably rose for a third quarter in the three months up to 31 December 2013, with global economic growth helping to support demand for the beans used to make chocolate, according to Bloomberg News.

The so-called ‘grind’, an indication of demand, gained 4.1 per cent in the fourth quarter compared to a year earlier, according to the mean estimate of 12 traders, brokers and grinders surveyed by Bloomberg.

Processing rose 4.7 per cent in the previous three months and six per cent in the second quarter, after falling 3.9 per cent in the first three months of the year, data from the European Cocoa Association showed. Read More