Commodities
Modest Cocoa Surplus to Ease Record Global Shortage, ICCO Says
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Global cocoa shortages are set to ease this season into a small surplus following three years of shortages, providing limited relief to strained stockpiles.
Supply will surpass demand by 142,000 tons in the 2024-25 year, the International Cocoa Organization said in its first estimate for the current season that runs through September. The surplus comes as higher prices have boosted production and harmed demand.