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Asia’s Top Cocoa Processor Warns El Niño to Spur Global Deficit
Source: Bloomberg
Commodities & Raw MaterialsNatural Disasters & WeatherEnergy Markets & Prices
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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