Cocoa Processing Estimates Exceed Expectations as Chocolate Stocks Rise

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Third-quarter cocoa processing figures for Asia and Europe outperformed estimates, with Asian processing rising 29% to its highest level since 2011 and European grindings increasing 3.2% year-on-year. This rebound followed a period of record-high cocoa prices that had previously depressed consumer demand and forced chocolate makers to alter recipes. New…

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