Africa: Cocoa Futures Surge Over 80 Percent As Adverse Weather Disrupts Harvest
[ad_1] TLDR Cocoa futures surge by over 80% year-to-date due to heavy rains disrupting harvest season in Ivory Coast. Intense downpours hinder harvesting, drying, and transport of beans, causing supply concerns. Cocoa bean arrivals at Ivorian ports dropped sharply, reflecting global market volatility. Cocoa futures have surged by over 80% year-to-date, with a 10% rise since October, due to heavy rains severely disrupting the harvest season in Ivory Coast, the world's top cocoa producer. Intense downpours, particularly in the southwestern […]