Cocoa-grind-report meaning

A quarterly report that is closely followed by cocoa traders and others in the industry. It is produced by the Chocolate Manufacturers Association of the U.S.A. and the New York Board of Trade. It typically comes out about a month after the end of the previous quarter. It measures the amount of cocoa beans that have been ground, melted into chocolate liquor, and melted into cocoa butter. About a dozen chocolate processors contribute their data to the report.
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