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Cocoa arrivals from Bahia, Brazil’s biggest growing region, slipped 11 percent as farmers withheld supplies on speculation prices may rise, analyst Thomas Hartmann said.
Deliveries to shippers and processors fell to 70,858 bags in the week to July 29, Hartmann said in a report yesterday. That compares with 79,554 bags the reported a week earlier. A bag weighs 60 kilograms (132 pounds). Total arrivals across Brazil were 103,578 bags from 108,780 bags bags a week earlier.
Bahia accounted for 74 percent of Brazil’s cocoa output and 94 percent of grindings in the past five years, Hartmann said in an Oct. 12 e-mail. He’s a board member of the Commercial Association of Bahia and heads the group’s statistical service on Brazilian production.
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