NEWS: Bad Crops Lead To Higher Cacao Prices
Cacao beans: victims of El Niño. According to the International Cocoa Organisation (ICCO), the world’s current cocoa shortfall is now 55% larger than previously thought, due to adverse weather conditions that caused crop reductions over the 2006/2007 season. The global production deficit is now estimated at 242,000 tonnes. Severe dry and windy conditions affected…
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