Cocoa Arrivals From Brazil’s Bahia State Double, Hartmann Says

Cocoa arrivals from Bahia, Brazil’s biggest growing region, more than doubled from a week earlier, according to analyst Thomas Hartmann.

Deliveries to shippers and processors from Bahia’s growing areas totaled 11,302 bags in the week to March 20, Hartmann wrote in a report dated yesterday. That compares with the 5,107 bags a week earlier. Total arrivals from across Brazil were 32,813 bags, compared with 9,404 bags a week earlier. A bag weighs 60 kilograms (132 pounds).

The figures “are somewhat inflated due to the inclusion of quantities that had arrived during the Carnival weeks but only were reported after the transmission of last week’s report,” Hartmann said. Brazil celebrated its annual Carnival festival earlier this month.

Bahia represents almost 80 percent of the country’s cocoa output, and 95 percent of its grindings, according to Hartmann. He is a board member of the Commercial Association of Bahia and is in charge of the group’s statistical service on Brazilian cocoa output.

Hartmann predicted in December that Brazil’s main crop may reach 1.2 million bags.

To contact the reporter on this story: Chanyaporn Chanjaroen in London at cchanjaroen@bloomberg.net

To contact the editor responsible for this story: James Poole at jpoole4@bloomberg.net

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