Cocoa powder demand a positive for Guan Chong

Guan Chong expects the lockdowns implemented worldwide to result in some delays in shipments to customers and a reduction in the utilisation of grinding capacity in the near future, but it is confident about its long-term prospects and uptrend in chocolate demand.

PETALING JAYA: The demand for cocoa powder remains robust even during the coronavirus (Covid-19) pandemic due to its diversified usage and this is a positive factor for cocoa grinder Guan Chong Bhd.

RHB Research said this was due to the diversified usage of cocoa powder such as for baking, beverages and compound chocolate, among others.