Africa: Cocoa Futures Surge Over 80 Percent As Adverse Weather Disrupts Harvest

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…