WORLD: Conference called amid concerns over cocoa price and production levels
Industry watchers are warning cocoa shortages are likely in the wake of the tremendous global demand for chocolate and the simultaneous drop in global output. Cocoa prices have been rising steeply. Last week, it was noted that daily prices had doubled since mid-December, and with the predictions of the International Cocoa Organisation (ICCO) that production will fall 8% during the 2000-2001 season, there are fears that the trend of the last two months is set to continue. The world's largest producer and exporter, the Ivory Coast, has noted a particular drop in production after bad weather and pests hit harvests hard.
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-food gives you the widest food market coverage.
Paid just-food members have unlimited access to all our exclusive content - including 17 years of archives.
I am so confident you will love complete access to our content that today I can offer you 30 days access for $1.
It’s our best ever membership offer – just for you.
Dean Best, editor of just-food
- US food next wave on display at Winter Fancy Food
- Does Kraft Heinz want to swallow Unilever whole?
- Comment: Meal kits in US - don't believe the hype
- How General Mills plans to grow - CAGNY
- Focus: Nestle CEO plan to balance sales, earnings
- Unilever launches operational review
- Kraft Heinz pulls Unilever bid
- Kerry operating earnings strengthen on slow sales
- Glanbia focuses on nutrition with Irish dairy spin
- General Mills issues profit warning