(Bloomberg) -- Cocoa in New York rebounded from two
sessions of losses after a report indicated rising demand from
European processors such as Cadbury Schweppes Plc and Nestle SA.
Companies used 3.4 percent more beans in the second quarter
than a year earlier, the European Cocoa Association in Brussels
said today in a report. Cocoa grindings, a measure of how much of
the commodity is made into chocolate, rose to 323,353 metric tons
from 312,817 metric tons, according to the group.
Read more at Bloomberg Commodities News
sessions of losses after a report indicated rising demand from
European processors such as Cadbury Schweppes Plc and Nestle SA.
Companies used 3.4 percent more beans in the second quarter
than a year earlier, the European Cocoa Association in Brussels
said today in a report. Cocoa grindings, a measure of how much of
the commodity is made into chocolate, rose to 323,353 metric tons
from 312,817 metric tons, according to the group.
Read more at Bloomberg Commodities News
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