Cocoa & United States — Climate Prediction Center

Cocoa: Cocoa prices have fallen to 3-week lows due to abundant supplies and rising inventories, but supported by forecasts of a smaller surplus and El Niño risks.

United States — Climate Prediction Center: Forecast a strong El Niño that could reduce West African cocoa yields, providing medium-term price support.

Cocoa: Cocoa crops in Ecuador and West Africa could be affected by El Ni , potentially leading to reduced output and higher prices, impacting global supply.

United States — Climate Prediction Center: The United States — Climate Prediction Center is the forecaster that announced the presence and expected strengthening of El Niño–Southern Oscillation conditions, providing crucial information for market participants.