date:Jul 24, 2012
market, but the drop was a function of capacity shifting to Asia where demand is increasing and at origin due to lower costs.
The Cocoa Association of Asia reported last week that cocoa grinds in the region were up 6% on the same period last year to 150,726 tonnes
Demand for cocoa in Asia is high as many leading confectioners are experiencing sales growth that is outpacing growth in developed markets.
Nestl, for example, saw a 12.2% sales boost in Asia, Oceania and Africa in its Q1 results, wh