North American cocoa grindings made their biggest quarterly plunge in 6-1/2 years and fell from the prior record crop year, data from the National Confectioners Association showed on Thursday, after weak margins discouraged processing.
Cocoa processors in the United States, Mexico and Canada reported grinding 124,229 tonnes of beans in the third quarter, ended September, down 10.01 percent from the same period in 2014, which was a record high.
The region's bean grinding had been expected to fall 2-10 percent, with many forecasts at the low end of this range.
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