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

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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