Chocolate eaters drive record cocoa output deficit

Global cocoa supplies are headed for the longest production shortfall in more than five decades as chocolate demand surges in Asia.

17th December, 2013
Global sales of chocolate confectionary will gain 2.1 per cent to a record 7.3 million tons next year.

Global cocoa supplies are headed for the longest production shortfall in more than five decades as chocolate demand surges in Asia.

Cocoa use will top output by about 70,000 metric tons in the 12 months started October 1st and deficits will persist through 2018, a six-year stretch that would be the longest since the data began in 1960, said Laurent Pipitone, head of statistics at the International Cocoa Organisation in London. Prices may rally 15...

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