European 1Q Cocoa Grindings Fall 0.1% On Year - ECA
April 13 2012 - 2:29AM
Dow Jones News
European cocoa grindings decreased 0.1% on the year during the
first quarter of 2012, to 353,311 metric tons, figures from the
European Cocoa Association showed Friday.
Indeed, the new data reveal the first year-on-year fall in
grindings for a quarter since the final three months of
2009-10.
Cocoa grindings in Europe--a key measure of demand for the
chocolate ingredient--had run sharply ahead of the previous year
throughout most of 2011, before growth tailed off in the final
quarter.
The ECA said it had upwardly revised its estimate for the fourth
quarter of 2011 by 435 tons to 349,790 tons, following corrected
figures submitted by one or more reportees.
The ECA accounts for around two-thirds of European cocoa
grindings. ECA grinding members are ADM Cocoa, a unit of Archer
Daniels Midland Co. (ADM); Barry Callebaut AG (BARN.EB); Delfi
Cocoa Europe, a division of Petra Foods Ltd. (P34.SG); ECOM/Dutch
Cocoa; Gerkens Cacao, a unit of Cargill Inc; and Nederland.
Bean processors are Cioccolato Peyrano, Euromar, Ferrero SPA,
Fuchs & Hoffmann, Hachez, Herza, Icam, Kessko, Kraft Foods Inc.
(KFT), Ludwig, Majani, Natra, Nestle SA (NESN.VX), Schokinag,
Schwartauer Werke, Storck, Weinrich and Toms.
-By Michael Haddon, Dow Jones Newswires; 4420-7842-9289;
michael.haddon@dowjones.com
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