European grind for Q2 2019 came in at 344,890 MT, down 3.2 percent from Q1 2019, the first YOY quarterly grind decline after nine quarters of YOY gains. Asian Q2 grind was reported at 215,574 MT, up an impressive 16.3 percent from Q2 2018 grind, marking the 15th straight quarter of YOY growth. North America’s Q2 2019 grind came in at 123,731 MT, up 3.7 percent from Q2 2018, the fourth straight quarter of YOY gains. If North American grind doesn’t dip too far this quarter, 2018/19 may be the first market year to show YOY growth after four straight years of declines.
For the three major reporting regions combined, Q2 2019 grind totaled 684,195 MT of beans, up 3.5 percent YOY. For the market year to date, combined grind for the three regions is up 3.8 percent YOY.