With the volume of production in 327982 tonnes, the fourth quarter was for the European sector of processing cocoa beans the most negative in the past 7 years old, industry sources report, since production fell 6,2 %, to the lowest level 2005 of the year, According to the European Association of Cocoa.
Processing volumes fell short of expectations, as the group of 12 traders, processors and brokers, surveyed by Bloomberg yet 4 January, predicted, that the data rate will not fall below 4 %.
Besides, the total amount of cocoa per year was less by 10 percent, than in 2011 year, at the level 1290000 tonnes, indicating a high demand.
A source: sweetinfo.ru
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