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News & Articles By Laura Harris
06/10/2024
/
By Laura Harris
Global cocoa shortage expected to be MUCH WORSE than previously forecast due to increasing demand
The International Cocoa Organization (ICCO) has announced that the global cocoa shortage for this season will be larger than initially expected as consumption increases despite higher prices. In February, the ICCO projected a deficit of 374,000 tons. However, the latest estimate of the ICCO for the October to September fiscal year reveals that demand will exceed production by 439,000 tons […]
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