date:May 24, 2016
Cargill is forecasting a global cocoa deficit of 160,000 tonnes for the 2015/16 season after smaller-than-expected mid-crops from dominant West African producers Ivory Coast and Ghana, its head of cocoa trading said on Friday.
Overall cocoa supplies, however, remain good boosted by a global surplus of 170,000 tonnes in 2014/15 (October/September), with potential for a substantial surplus in 2016/17.
We had a period of six weeks in January and February when it hardly rained and that impacted t