date:Jan 08, 2013
income.
We forecast the global cocoa market to be in a 108,000 deficit in the 2012-13 season.
Despite risks of supply disruption caused by the new reforms in the Ivory Coast continuing to ease, we expect less-than-favourable weather causing production setbacks in key producers, coupled with strong grindings data in key producers such as Cameroon and Malaysia, widening the deficit.
Commerzbank
In the 2012-13 season, which began in October, for the first time in three years, a deficit looks l