European Q3 Cocoa Grindings Rise 14% On Year

European cocoa grindings rose 14% on year in the third quarter of 2011 to 377,388 metric tons, data from the from the European Cocoa Association showed Thursday.

Cocoa grindings in Europe, a key measure of demand for the chocolate ingredient, have been running sharply ahead of last year after a slump during 2010.

In the second quarter, grindings rose by 8% compared with the same period of 2010, the ECA said, although it revised down its estimate to 354,543 tons from an initial 355,593 tons.

Grindings also increased by 3.7% in the first three months of 2011 relative to the year before, marking the first increase in six months.

The ECA accounts for around two-thirds of European cocoa grindings. ECA grinding members are ADM Cocoa, a unit of Archer Daniels Midland Co. (ADM); Barry Callebaut AG (BARN.EB); Delfi Cocoa Europe, a division of Petra Foods Ltd. (P34.SG); ECOM/Dutch Cocoa; and Gerkens Cacao, a unit of Cargill Inc.

Bean processors are Cioccolato Peyrano, Euromar, Ferrero SPA, Fuchs & Hoffmann, Hachez, Herza, Icam, Kessko, Kraft Foods Inc. (KFT), Lindt (Italy), Ludwig, Majani, Natra, Nederland, Nestle SA (NESN.VX), Schokinag, Schwartauer Werke, Stabilimento Testa, Storck, Weinrich and Toms.

-By Caroline Henshaw, Dow Jones Newswires; 4420-7842-9478; caroline.henshaw@dowjones.com

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