Emulsifier YN - The unique ingredient in chocolate production.
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Analysts from Marex Spectron also said that they expected global supply to decline 7.7% in the year to September.
They warned that the EU economy could seriously impact cocoa grinds.
Jonathan Parkman, head of agriculture at Marex in London, told Bloomberg: “If the situation in Europe affects other major economies in the world more than we currently expect, we could then see weaker grindings.”
“I wouldn’t rule out having this conversation in a year’s time, looking back to find that cocoa grindings were actually down,” he said.