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EU, US cocoa grind slump a ‘surprise’ as capacity shifts to Asia, says analyst
date:Jul 24, 2012
l 12.2%.

Outlook

Rabobank forecasts that global cocoa grinds, which have grown 5.6% and 5.5% in the previous two seasons, will slow to 2.4% for 2011/12. Growth is expected to be maintained by demand in Asia in spite of the market situation in Europe.

Flury said that lower cocoa prices were also to blame for lower cocoa grinds in the US and Europe.

The ICCOs monthly average cocoa price for June stood at $2,264 per tonne, which was 25% lower than the same period last year.

Rabobank expects IC

12/21 13:08