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

Provide news feedback or report an error

Confidential tip?

Send a tip to our reporters

Site feedback:

Take our Survey

By Isis Almeida

November 24, 2017 at 10:55 AM UTC

This article is for subscribers only.

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.