European cocoa grind slows in Q1

EU cocoa grind up just 0.4% in Q1 2014. Photo Credit: WCF

The amount of cocoa processed in Europe has remained flat in the first quarter of 2014 following three quarters of growth, according to the European Cocoa Association.

The Q1 EU cocoa grind, an indicator of demand for chocolate in the region, grew just 0.4% compared to the same period last year to 340,735 metric tons (MT).

Cocoa processing in Europe had made a recovery from Q2 last year after six consecutive quarters of decline, registering growth between 4-6% each quarter.

The figures were obtained from 20 cocoa bean processors including Mondelez, Barry Callebaut and Cargill.

Chocolate processing in Germany, Europe’s premier chocolate producer, grew slightly above the European norm, up 1.3%. The country accounted for almost 30% of the European cocoa grind.

The US National Confectioners Association will release grind figures for North America next Thursday. One cocoa trader said they expected the grind to unchanged or up, to a maximum of 2.5%. 

Related News

Europe's cocoa grind below expectations. Photo credit: Happy Days Photos and Art

European cocoa grind decline ‘disappointing’

Cocoa grind up in Europe, but chocolate market set to grow slower than the global rate

Shining light or dying star? European cocoa grind registers 6% rise

Cocoa grind Europe slumps

European cocoa grind set for recovery after 2012 slump – Rabobank

North America and Asia cocoa grinds up 10% and 12% respectively in Q3. Photo Credit: cstrom

North America cocoa grind hits record high as Asia figures up 12%

Related Products

See more related products