Bloomberg News

Cocoa Supply May Trail Demand By 100,000 Tons, Jenkins Says

December 15, 2011

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.

--Editor: Millie Munshi

To contact the reporter on this story: Marvin G. Perez in New York at mperez71@bloomberg.net

To contact the editor responsible for this story: Steve Stroth at sstroth@bloomberg.net


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