Commodities
Cocoa’s Extreme Shortage Is Finally Set to End, Marex Says
- Broker expects better weather in West Africa will boost crops
- Cocoa futures have more doubled in the past 12 months
This article is for subscribers only.
A recovery in cocoa production in the world’s largest growers is set to put an end to a massive bean shortage that sent prices surging to a record this year, according to commodities broker Marex Group.
Marex expects cocoa output will top demand by 303,000 metric tons in the upcoming 2024-25 season that starts in October. That would mark the first year of surplus after three straight seasons of deficit.