April 24, 2018 / 9:07 AM / 5 months ago

Cargill sees balanced global cocoa market in 2017/18

BERLIN, April 24 (Reuters) - Cargill sees the global cocoa market broadly balanced in the current 2017/18 season, the company’s commercial director for cocoa said on Tuesday.

While crops in West Africa got off to a strong start, production has tapered off, Cargill’s Francesca Kleemans told Reuters on the sidelines of a conference in Berlin.

Kleemans pegged this on a combination of drier weather earlier in the season and the impact of depressed global prices. (Reporting by Ana Ionova Editing by Andrew Heavens)

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