Dec. 12 (Bloomberg) -- Cocoa production will lag behind demand by 100,000 metric tons for the 2011-12 season, Gerry Manley, a managing director of Singapore-based Olam International Ltd., said by phone from London today.
The Ivory Coast crop will be 1.35 million tons, down from over 1.75 million tons in 2010-11, according to Manley, who is also global head for cocoa at the company. Global grindings will climb 3 percent, down from 4.5 percent a year earlier, he said.
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