1.   Production deficits could last for some time.

2.   At the beginning of the season the ISO predicted there would be a production deficit of around two million tonnes.

3.   Cocoa prices resumed their upward march as the prospect of a production deficit for the second year in a row continued to underpin the market, traders said.

4.   Cocoa prices fell this week as the market continued to suffer from forecasts of a smaller production deficit than previously expected owing to weak demand.

5.   Towards the end of August, speculation on Asian markets about a possible production deficit pushed prices up to artificially high levels.

6.   London dealers said that the production deficit would persist for at least two years.

7.   Sales by the Ivory Coast and speculators liquidating their holdings continued to weigh on the market, according to analysts, despite expectations of a worldwide production deficit.

8.   Such a large fall would compound a production deficit.

9.   Sugar was higher as India appeared ready to import on a large scale to compensate for its production deficit.

10.   The announcement of a drop in the world production deficit by analysts ED and F Man, left the market cold.