Another Weak Cocoa Crop in West Africa Will Keep Prices High

Much of West Africa, home to the world’s top cocoa producers, is heading into another disappointing harvest. Despite better weather than in previous seasons, structural problems — such as aging trees and crop diseases — may continue to limit output and keep prices high. “Regardless of what the supply and deficit situation is next year, we are not going back to five-year average levels anytime soon.”  Read more here.