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Brazil cocoa deliveries lagging behind

This article was originally published in The Public Ledger

COCOA deliveries to Brazilian traders' and grinders' warehouses so far this season are around 11% below the year-ago period, data from Bahia Commercial Association showed on Wednesday. Deliveries recorded for the past week were inflated by the addition of cocoa purchases one large trader had not declared in the previous week due to technical problems. This year's cumulative arrivals also fell further behind last year's due to 122,922 tonnes of cocoa being imported into Brazil this time a year ago, the data showed.



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