Dive Summary:

• The International Cocoa Organization reduced its cocoa deficit forecast for the October 2012 to September 2013 crop year from a 60,000 metric ton supply and demand shortfall to 52,000 metric tons.
• Last year's 87,000 metric ton surplus is enough to offset this year's shortage, so a price hike will likely be avoided—for now.
• An expected small deficit next year due to a shortage of rainfall in West African production capitals like the Ivory Coast and Ghana, as well as pest and disease issues in Indonesia, could still see prices rise.

From the article:

... Laurent Pipitone, director of the ICCO's economic division, told ConfectioneryNews: "Because there are large stocks of cocoa in the market it will not be an impact for chocolate manufacturers." ...