Asia cocoa grind sees dramatic decline

The Cocoa Association of Asia today reported that the collective cocoa grind in Indonesia, Malaysia and Singapore plummeted to 141,396 tonnes in what the International Cocoa Organization (ICCO) called a “dramatic decline”.

 

“This contraction was anticipated but the size of the contraction was not expected to be that strong,” Laurent Pipitone, director of the International Cocoa Organization’s (ICCO) economic division. That brought full-year grindings to 614,461 tonnes, after 639,505 tonnes in 2013.