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Malaysia's Q3 cocoa grindings down 2.8pc y/y

Published Updated

cocoa_beansSINGAPORE: Cocoa grindings in Malaysia, Asia's largest grinder, slipped 2.8 percent to 71,451 tonnes in the third quarter of 2011 from the same period last year, the Malaysian Cocoa Board (MCB) said.

Cocoa grindings were down 0.9 percent from the second quarter, dropping for a second consecutive quarter, the MCB said in a statement. It gave no further details.

Cocoa grindings in Malaysia are expected to be unchanged at around 300,000 tonnes in 2011, the director-general of the MCB, Azhar Ismail, said in July.

When processing beans, grinders get butter and cake, which is later pressed into powder.

Butter is a key ingredient of chocolate products such as candy bars and is also used to make spreads and soaps, while powder is used for coatings in chocolate-making, beverages and ice cream.

Copyright Reuters, 2010

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