Cocoa Deficit to Widen to 145,000 Tons This Year, Organization Forecasts

(Bloomberg) -- The global cocoa deficit this year
will be larger than previously forecast after adverse weather
hurt crops in Ivory Coast, Ghana and Indonesia, the top
producing countries, the International Cocoa Organization said.

Production will drop 7.5 percent to 3.44 million tons,
falling short of demand by 145,000 tons, Laurent Pipitone,
senior statistician at the London-based ICCO, said today in an
interview. The organization forecast in March a deficit of
103,000 tons.


Read more at Bloomberg Commodities News