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Compiled By: Prince Henry Danquah, Bora Capital Advisors Ltd
Fitch Solutions is expecting El Niño’s adverse weather conditions to place downward pressure on the 2026/27 cocoa output, forecasting cocoa production of 1.7 million tonnes in Côte d’Ivoire and 670,000 tonnes in Ghana.
This implies greater near-term supply pressure in Côte d’Ivoire, where output is forecast to decline by 17.5% year-on-year, while Ghana’s production is expected to remain flat, the UK-based firm said.
El Niño is a natural climate phenomenon characterized by the warming of sea surface temperatures in the central and eastern equatorial Pacific Ocean.
It disrupts normal global weather systems, triggering extreme conditions like severe droughts, heavy rainfall, and heatwaves across different parts of the world.
Source: newsthemegh.com