Macro Finance
Vontobel Sees Cocoa Hitting $8,000 a Ton on El Niño Threat
Bloomberg Markets·November 6, 2026·1 min read
Asset manager Vontobel predicts cocoa prices could rally 50% to $8,000 a ton due to the risk of a super El Niño hitting already disease-weakened crops in West Africa. The potential supply shock underscores the vulnerability of the global cocoa market to climate-related disruptions.
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