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Brazil’s Cocoa Processing Declined 4.8% in Second Quarter

July 8 (Bloomberg) -- Brazil’s cocoa grindings in the second quarter totaled about 57,702 metric tons, 4.8 percent lower than the same period a year earlier, according to an e-mail from Thomas Hartmann, an analyst who compiles the nation’s cocoa statistics.

The total for June was 19,136 tons, down 5.6 percent from the same month last year, according to the e-mail. “The drop of volume for the second month in a row could be a signal of the falling demand on the domestic market,” he said.

Hartmann is a board member of the Commercial Association of Bahia, Brazil’s biggest growing region, and is in charge of the group’s statistical service on the nation’s cocoa output.

To contact the editor responsible for this story: Claudia Carpenter at ccarpenter2@bloomberg.net

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