Ivory Coast cocoa grind down 31.2% year-on-year in July, exporters association says

Reuters
2025/08/18
Ivory Coast cocoa grind down 31.2% year-on-year in July, exporters association says

ABIDJAN, Aug 18 (Reuters) - Ivory Coast's cocoa grind dropped 31.2% year-on-year in July to 39,301 metric tons, data from exporters' association GEPEX showed on Monday, with grinders citing poor bean quality and low volumes of the mid-crop.

The total grind - part of the process of transforming cocoa beans into chocolate - from the start of the 2024/25 season in October until the end of July stood at 515,055 tons of beans, down 4% from the same period last season.

"July's grinding has fallen dramatically this year compared to last year, mainly due to the quality of the beans," the director of an international grinding company based in San Pedro told Reuters.

"They are mediocre this year, so we are rejecting a large quantity due to a lack of fat and a high acidity level."

Between April 1 and August 17, cocoa bean arrivals at Ivory Coast's two main ports of Abidjan and San Pedro reached only 350,000 tons, down 30% from around 500,000 tons during the same period of last year, exporters said.

Exporters also said grinders have no stocks left and that they will have to rebuild them in order to return to the average grinding rate during the main harvest.

"We are waiting for October to get good beans to rebuild all our stocks and return to the grinding level for the period, i.e. just over 58,000 tons per month," the director of a grinding company based in Abidjan told Reuters.

"This will require us to be aggressive in our purchasing from the start of the season."

The GEPEX data covers six of the largest grinding companies, including Barry Callebaut BARN.S, Olam OLAG.SI and Cargill Inc CARG.UL.

Ivory Coast has a total grinding capacity of around 750,000 tons. It is the world's top cocoa producer and vies with the Netherlands for the leading spot for grinding.

(Reporting by Ange Aboa; Editing by Anait Miridzhanian and Jan Harvey)

((Anait.Miridzhanian@thomsonreuters.com;))

应版权方要求,你需要登录查看该内容

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10