Dec. 15 (Bloomberg) -- World cocoa production may trail demand by 50,000 metric tons to 100,000 tons in the year started Oct. 1, according to Frank Jenkins, the president for Wilton, Connecticut-based Jenkins Sugar Group Inc.
World cocoa grindings, a measure of demand, will rise 4 percent to 5 percent annually in the coming years, Jenkins said during a presentation at a conference in New York.
Prices will climb to between $2,700 a ton and $2,800 a ton ton by next summer, Ken Lorenze, a vice president for Jenkins, said during an interview at the conference.
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