The global cocoa market is poised to face a supply shortfall for the first time in three years as a strengthening El Niño threatens production across key growing regions, according to Asia’s top processor. A deficit of 300,000 to 400,000 tons is expected in the 2026-27 season, said Brandon Tay Hoe Lian, the chief executive officer of Malaysia-based Guan Chong Berhad. That compares with a surplus of about 100,000 tons a year earlier, with the weather risks to crops set to coincide with steadying demand, he said in an interview on the sidelines of the CAA International Cocoa Conference in Singapore.
Source: Bloomberg Markets · Summarized by HeadlinesBriefing