StoneX Sees 64,000-Ton Cocoa Deficit in 2026/27
StoneX projects a 64,000-metric-ton global cocoa supply deficit for the 2026/27 season, reversing a record 494,000-ton surplus. The broker attributes the outlook to El Niño cutting supply.
By Marcelo TeixeiraThe global cocoa supply balance is projected to have a deficit, or the gap between production and demand, of 64,000 metric tons in the 2026/27 season that started in October, brokerage and analyst StoneX said on Wednesday.The projection reverses a record surplus of 494,000 tons s…