date:Mar 04, 2014
In its first outlook for the 2013-14 crop year, the London-based International Cocoa Organization forecast a 115,000-tonne global cocoa bean deficit, down from an upwardly-revised 2012-13 deficit of 174,000 tonnes.
World cocoa bean production in 2013-14, which began Oct. 1, 2013, was forecast at 4.104 million tonnes, up 4% from a revised 3.942 million tonnes in the prior year. World grindings were forecast at 4.178 million tonnes for the current year, up 2.5% from an upwardly revised 4.077 mill