"I don't see V-shaped recovery. We've come down in an escalator, but we're going to go back up the stairs," Sunny Verghese of Olam International said at the World Cocoa Foundation (WCF) conference.
The comments came as recent positive data from two COVID-19 vaccine trials have spurred hopes the global economy will be back on track by next year. [MKTS/GLOB]
Singapore-based Olam sources food ingredients from around five million farmers globally, and operates over 180 food processing facilities around the world.
(Reporting by Maytaal Angel; Editing by Mark Potter)
By Maytaal Angel