Asian cocoa-bean grindings slipped 0.3% in the first quarter 2022 compared to similar period last year, according to the Cocoa Association of Asia and Enterprise Singapore. In the first quarter 2022, cocoa grindings reached 213,313 metric tons, compared with 213,858 tons in the same period last year.
However, when comparing with the quarter before i.e. 4th quarter 2021, cocoa grindings slipped by 7.8%.
This however reflects the continued resilience in demand for cocoa and chocolate products in Asia Pacific despite the multiple headwinds in the global geopolitical situation, according to the association.
Cocoa grindings – i.e. the volume of cocoa beans processed into the butters and powders used to make chocolate– are often taken as a proxy for cocoa demand.
Cocoa Association of Asia is a trade association that groups the major companies involved in the cocoa-bean trade and processing, in warehousing and related logistical activities in Asia.
