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The Wall Street Publication > Blog > Markets > Dry Weather in West Africa Pushes Up Cocoa Futures
Markets

Dry Weather in West Africa Pushes Up Cocoa Futures

Editorial Board Published February 14, 2022
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Dry Weather in West Africa Pushes Up Cocoa Futures
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Dry weather in West Africa has lifted cocoa futures, with supply concerns boosting a commodity that saw prices fall in 2021.

November to March is the dry season in the Ivory Coast, by far the world’s largest exporter of cocoa beans. But it has been particularly dry in recent weeks, according to analysts and traders, which has investors betting on a diminished crop and sustained price rises ahead.

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