Cocoa Arrivals From Brazil’s Bahia Plunge 20%, Hartmann Says
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Cocoa arrivals from Bahia, Brazil’s biggest growing region, plunged 20 percent from a week earlier, after a public holiday shortened the work week, said analyst Thomas Hartmann.
Deliveries to shippers and processors were 61,426 bags in the week to June 26, Hartmann wrote in a report yesterday. That compares with 77,143 bags he reported a week earlier. Total arrivals across Brazil were 79,868 bags, compared with 97,523 bags a week earlier. A bag weighs 60 kilograms (132 pounds).