Bloomberg News

European Cocoa Processing Rose 1.8% in Fourth Quarter, ECA Says

January 16, 2012

Jan. 13 (Bloomberg) -- European cocoa usage rose 1.8 percent in the fourth quarter from a year earlier, the slowest pace in a year, the European Cocoa Association said.

Beans processed totaled 349,355 metric tons compared with 343,243 tons in the fourth quarter of 2010, the Brussels-based industry group said today in a report on its website. Usage for 2011 climbed 6.8 percent to 1.435 million tons, the highest growth since 9.6 percent in 2000, according to the report.

Cocoa averaged 1,556 pounds ($2,393) a ton in the fourth quarter in London, down 19 percent from a year earlier.

The cocoa group gathered its figures from 24 companies, including Barry Callebaut AG, which in November said it agreed to build a cocoa processing plant in Indonesia.

--Editors: Claudia Carpenter, Alastair Reed

To contact the reporter on this story: Claudia Carpenter in London at -ccarpenter2@bloomberg.net

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


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