Ivory Coast’s cocoa grind rose around 16.7% year-on-year in April to 49,000 tonnes, data from the exporters’ association GEPEX showed on Monday.
The total grind from the start of the 2021/22 season in October stood at 364,000 tonnes of beans by the end of the April compared with 344,000 tonnes at the same point last season.
The GEPEX data covers six of the largest grinding companies, including Barry Callebaut (BARN.S), Olam International and Cargill Inc (CARG.UL).
Ivory Coast has total grinding capacity of 712,000 tonnes. It is the world’s top cocoa producer and vies with the Netherlands for the spot of leading grinder.
Source: REUTERS
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