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I.C.C.O. forecast 115,000-tonne cocoa bean deficit
date:Mar 04, 2014
ion tonnes in 2012-13. The surplus/deficit forecast is based on net cocoa bean production, not the reported gross production number.

The I.C.C.O. forecast year-end cocoa bean stocks of 1.547 million tonnes for 2013-14, down 7% from a revised 1.662 million tonnes for the prior crop year. The 2013-14 stocks-to-grinding ratio was forecast at 37%, down from 41% last year.

The nearby New York May cocoa bean futures contract traded slightly higher after the data was released Feb. 28, but futures tur

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