Bloomberg News

ICCO’s Anga Says Cocoa Buyers Seek Markets in India and China

May 10, 2012

Cocoa buyers and chocolate makers are seeking to increase exports to China and India, according to the International Cocoa Organization.

“These countries have real potential, with at least 600 million people earning more than $10,000,” Jean-Marc Anga, executive director of the London-based group, said in an interview yesterday in Abidjan, Ivory Coast’s commercial capital.

The ICCO will hold its annual cocoa conference in the Ivorian city in November, Anga said. As the world’s biggest grower of the crop, Ivory Coast is expected to produce about 1.3 million metric tons in the 2011-2012 season, he said.

Global cocoa stocks are currently at about 1.4 million tons, Anga said.

To contact the reporter on this story: Baudelaire Mieu in Abidjan via Accra at bmieu@bloomberg.net

To contact the editor responsible for this story: Emily Bowers at ebowers1@bloomberg.net


American Apparel's Future
LIMITED-TIME OFFER SUBSCRIBE NOW

(enter your email)
(enter up to 5 email addresses, separated by commas)

Max 250 characters

 
blog comments powered by Disqus