European Cocoa-Bean Processing Dropped 6.2% in Fourth Quarter
European cocoa-bean processing fell 6.2 percent in the fourth quarter, bringing the 2012 total to a a seven-year low, according to the European Cocoa Association.
Grindings, a sign of demand, dropped to 327,982 metric tons in the three months through December, the lowest for the period since 2005, the Brussels-based industry group said in an e- mailed report today. The total for 2012 was 1.29 million tons, down 10 percent from 2011 and the lowest since 2005, according to the report.
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