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Cocoa Set for Turnaround as Strong Demand Signals Small Shortage

  • Supply to fall short of demand by 50,000 tons, survey shows
  • Demand strength will help offset large crops in West Africa
Ivory Coast Is Said to Ditch Private Interests in Cocoa Overhaul

Photographer: Jose Cendon/Bloomberg

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The world’s largest cocoa producers could soon get some relief from falling prices that dragged West African economies into a crisis.

After two years of bumper crops resulted in global surpluses, the market is starting to turn around. Strong demand is expected to result in a slight deficit of 50,000 metric tons in the season that starts Oct. 1, according to the median estimate in a Bloomberg survey of 10 traders, brokers, analysts and cocoa exporters.