The agri-commodities have been drastically impacted by this year’s El Nino phenomenon, the most severe in nearly a decade
PRICES of agricultural commodities cocoa and coffee are expected to ease from historical highs recorded in 2024, but remain elevated amid supply disruptions.
The El Nino phenomenon this year was the most severe in almost a decade, which had a drastically negative impact on global cocoa and coffee production.
Jonathan Parkman, head of agricultural sales at commodities broker Marex, noted that the Ivory Coast and Ghana had both oversold the amount of cocoa they had produced.
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