Strong Profits Drive Europe, North America Cocoa Processing
- European grindings seen at highest for 4Q on record: survey
- Processing in North America seen at 4-year high for the period
Photographer: Andrey Rudakov/Bloomberg
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Strong processing profits probably kept cocoa processing at high rates in Europe and North America, according to a Bloomberg survey.
Grinding in Europe, the top-consuming region, likely rose 2 percent in the fourth quarter to the highest for that period going back to 2001, the median estimate in a Bloomberg survey of 14 traders, brokers, processors and analysts showed. In North America, processing probably gained 2.5 percent to the highest for that quarter since 2014, according to the median estimate.