Chart of the week: the West’s sweet tooth

Cocoa prices have jumped by around 25% since March, and there is scope for further gains.


Western consumers appear to be especially keen on chocolate this year, with cocoa processing rising by an annual 12% in America in the second quarter.

A disappointing harvest in west Africa, which accounts for two-thirds of supply, is another reason the market is likely to fall into deficit this year after a surplus of 87,000 tonnes in 2012.



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