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Credit Suisse warns of Chocolate Supply Crisis

Amid rising chocolate product demand, especially in emerging markets, those involved in the complex cocoa supply chain face a host of challenges

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Chocolate crisis ?

Demand for cocoa is steadily climbing, driven primarily by the growing world population, rapid development of emerging markets and rising incomes. Although distributed and used in products available all over the world, around 70 percent of the global cocoa supply currently originates from three producing countries in the equatorial belt – Ivory Coast, Ghana and Indonesia.

Supply and Demand Imbalance on the HorizonAccording to Credit Suisse data, global demand on average has been growing by about 2.5 percent per year over the past ten years.

Chocolate crisis ?

Amid rising chocolate product demand, especially in emerging markets, those involved in the complex cocoa supply chain face a host of challenges

Cocoa and chocolate producer Barry Callebaut believe this ongoing upward trend will threaten to outpace supply by as much as one million metric tons by 2020. “With current demand levels, cocoa stocks are still ample. However, we note a falling trend in the ratio of cocoa inventory to grinding, which indicates effective tightening of the supply picture,” says Credit Suisse’s Joe Prendergast.

via Credit Suisse – Are We on the Brink of a Chocolate Supply Crisis?.

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Thailand’s H1 Investment Applications rise 158% in combined value, BOI says

Japanese firms ranked first with 87 projects worth 42.8 billion baht, followed by investments from the U.S. with 18 projects worth 24.1 billion baht, and China with 63 projects worth 18.6 billion baht.

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In the first six months of 2021, Thailand’s investment applications increased 14% from the year earlier period in terms of the number of projects, and 158% in combined value, led by increasing foreign direct investment (FDI) applications, sustained growth in target industries including the electronics and medical sectors, as well as in power generation, the Thailand Board of Investment (BOI) said.

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Large Shopping Malls in Bangkok Will Be Closed until July 25th

Shopping malls under the Mall Group, including all branches of The Mall, the Emporium, Emquartier and Paragon Department Store, are also closed for 14 days, from today, except for supermarkets, food courts, pharmacy shops, eateries (take-out and delivery only), banks, mobile phone shops and vaccination sites.

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BANGKOK (NNT) – Large-scale shopping malls in Bangkok and in some dark-red zone provinces are now closed for two weeks, to comply with the latest COVID-19 curbs in 10 provinces.

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