Markets

Asia Q1 cocoa grind rises 7.2pc yr/yr, highest Q1 since 2011

Published April 20, 2018 Updated April 20, 2018 01:18pm

CAA, which groups cocoa grinders in Malaysia, Singapore and Indonesia, said in an email that the volume was the highest ever for the first quarter since it began reporting the data in 2011, "reflecting robust demand inside and outside Asia."

Cocoa grinding, which indicates demand for chocolate's key ingredient, dropped 3.2 percent compared with October-December, the data showed.

North American cocoa grindings fell 1.1 percent year on year to 118,778 tonnes in the first quarter, marking the region's weakest start to the year since 2011.

European grindings rose 5.5 percent from a year ago to 358,432 tonnes, the region's biggest first-quarter volume on records that date back to 1999.

Copyright Reuters, 2018