Cocoa Supplies to Outpace Demand By 187,000 Tons, ICCO Says
This article is for subscribers only.
Cocoa supplies will exceed demand by 187,000 metric tons in the 2010-11 season that started in October, up from a previous estimate of 119,000 tons, according to the International Cocoa Organization.
The production estimate was increased to 4.025 million tons from 3.938 million tons, the London-based ICCO said in a statement today. World output will rise 11 percent from the previous year, led by an increase in production from Ghana, the world’s second-largest grower, the organization said in a separate report e-mailed today.