Asia's chocolate craving to rise as economies expand

Kuala Lumpur

CHOCOLATE demand in Asia will probably rise as much as 20 per cent this year, spurred by confectionery and drinks consumption among young people, an industry group said.

Demand will climb as economies expand in China, India and Indonesia, boosting incomes of the growing middle class, Piter Jasman, chairman of the Indonesia Cocoa Industry Association, said. While surging bean prices cut processing, factories in Indonesia are increasing market share, he added.