date:May 16, 2016
ore bouncing to an eight-month high at the end of April, but since then the fibre has been declining rapidly amid a broad selloff in commodity markets.
Singapore-based Olam is the worlds second-largest cotton trader and the third-largest processor of cocoa beans.
The weather damage to global cocoa production will result in the biggest supply deficit in three decades, Verghese said.
We see total cocoa production declining globally by roughly 9 percent and we expect a deficit of 308,000 tonnes