Cocoa supply in 2020/21 should be 4.84 million tons, says International Cocoa Organization (Icco)

São Paulo, 2 - Global cocoa production in the 2020/21 harvest is expected to reach 4.84 million tons, up 2.5% (or 117 thousand tons) compared to the 2019/20 season, according to the International Cocoa Organization ( Icco). The data were published in the entity's quarterly report and are the first estimates for the 2020/21 cycle. The organization's perspective considers an increase in the supply of cocoa from Côte d'Ivoire and Ghana - the world's largest producers of the commodity -, where the harvest should begin in April. According to the organization, favorable climatic conditions have improved the yield of plantations in both countries. + Cocoa: Barry Callebaut's revenue falls 11.2% in the first fiscal quarter 2020/21 The entity expects that the global almond milling in the 2020/21 season will reach 4.69 million tons, 0.5% higher than forecast for the previous harvest. With that, Icco expects a surplus of 102 thousand tons in 2020/21. According to the entity, demand, which had ...