The International Cocoa Organization (ICCO) indicated in a press release published on Monday February 28 that a volume of 181,000 tonnes of beans should be missing during the said season against an estimated surplus of 215,000 tonnes in 2020/2021.

The global cocoa market could fall into a deficit phase in 2021/2022. The world market could experience a deficit of 181,000 tonnes in 2021/2022. According to the cartel, this situation is explained in particular by a world production of cocoa which will be less important due to the drought conditions in West Africa. Supply is thus forecast to reach 4.95 million tonnes against the historic record of 5.2 million tonnes recorded a year earlier.