Strong gains across the board likely for cocoa bean grind use
Industry associations have reported Q4-2022 grind for the world’s top-two cocoa demand regions, Europe and Asia. Both regions saw a strong recovery in Q4 and in the entirety of calendar 2021.
ECA reported European Q4 crush at 365,826 MT, up a strong 6.3 percent YOY. For calendar 2021, grind totaled 1.456 MMT, up 6.1 percent YOY.
Quarterly European cocoa grind
Source: ECA, McKeany-Flavell
CAA reported Asian grind at 231,309 MT, up a 6.3 percent YOY. Calendar 2021 grind reached 877,002 MT, up 5.6 percent YOY.
Quarterly Asia cocoa grind
Source: CAA, McKeany-Flavell
NCA is scheduled to publish North American Q4 cocoa grind today, Jan. 20. For 2021, grind from Q1 through Q3 was up 5.9 percent YOY.
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