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Global Chocolate Binge Has Olam Predicting Smaller Cocoa Surplus

  • Excess supplies seen falling from record to about 50,000 tons
  • Demand is growing in countries including Indonesia and India
White and black chocolate bars are displayed at a stand as part of the "Salon du Chocolat" (chocolate fair) on March 9, 2012, in Lille. AFP PHOTO / PHILIPPE HUGUEN (Photo credit should read PHILIPPE HUGUEN/AFP/Getty Images)
Photographer: Philippe Huguen/AFP via Getty Images

The world just can’t get enough chocolate.

With "tremendous" demand in emerging markets looking set to continue this season, the world’s third-largest cocoa processor is projecting a sharply smaller global surplus. Excess cocoa supplies that reached a record last season will probably drop to about 50,000 metric tons, said Gerry Manley, head of cocoa at Olam International Ltd.