Demand for chocolate is declining

By: Trademagazin editor Date: 2020. 04. 16. 11:10

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By all expectations, far fewer cocoa was processed globally in the first quarter of the year as demand for chocolate in retail declined worldwide. This has also weakened cocoa market prices a lot – origo wrote after Bloomberg.

According to the estimated average of industry data, the rate of cocoa food processing in Europe, the largest market for cocoa, fell by 3 percent year-on-year in the first three months of 2020. Similarly, a decline is expected for the North American data, where the rate of decline could be between 1 and 11 percent. (origo)