INTERNATIONAL REGULATORY ROUND UP – ICCO WARNS OF ONGOING GLOBAL COCOA SUPPLY DEFICITS
December 22nd, 2023
The International Cocoa Organisation (ICCO) has predicted that the chocolate industry will continue to face cocoa supply deficits, with its latest quarterly assessment predicting that for 2022/3, there will be 99,000 tonnes more grindings than cocoa production. As a result, global stocks will fall to 1.744 million tonnes, amidst declines in output from key production hubs Ghana and Côte d’Ivoire. "As the current 2023/24 season is also expected to end with a global production deficit, market participants continue to weigh the situation of successive supply ...
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