date:Jan 30, 2013
U.S. Investment bank Goldman Sachs said Monday it expects the global cocoa market to see a modest deficit of around 100,000 metric tons during the 2012-13 crop year due to a rebound in global bean processing and stable production, following two consecutive years of surplus.
But despite the anticipated deficit, the bank said it expects limited upside to cocoa prices because of historically high beginning stocks this crop year, the potential for an improved mid-crop in West Africa and the net spe