Commodities Now
The global cocoa market is forecast to be closely balanced in 2010/11, with a surplus of some 70,000 tonnes, despite political tension in top producer Ivory Coast, the head of the International Cocoa Organization said. "For the past five years we've experienced a deficit but now we are moving into a balance," ICCO Executive Director Jean-Marc Anga said.
By Camila Reed and David Brough, Reuters – for Commodities Now
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