Asia’s leading cocoa processor warns the global cocoa market is likely to see its first supply shortfall in three years as a strengthening El Niño threatens output in major growing regions. The risk points to tighter near-term fundamentals and potential upward pressure on cocoa prices as supply growth fails to keep pace with demand.
Asia’s leading cocoa processor warns the global cocoa market is likely to see its first supply shortfall in three years as a strengthening El Niño threatens output in major growing regions. The risk points to tighter near-term fundamentals and potential upward pressure on cocoa prices as supply growth fails to keep pace with demand.
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