Asia cocoa grind climbs 10%

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Cocoa processing up 5% in Asia for 2013
Cocoa processing up 5% in Asia for 2013
The amount of cocoa processed in Asia grew 10% in the fourth quarter of 2013 compared to the same period last year.

Figures from the Cocoa Association of Asia showed that the grind reached 170,684 metric tons (MT) in Q4.

This took the total grind for 2013 – an indicator of demand for chocolate in the region - to 639,505 MT, up 5% on the previous year.

Fourth quarter cocoa processing also grew 4% in North America, while the European grind was up 6%.

Cocoa processing in Asia decelerated in the first half of 2013 due to a slowdown in China’s economic growth, but China’s GDP growth has since stabilized.