Cocoa Prices Rise for Sixth Straight Month on El Niño Worries
Summary
Global cocoa prices have extended their upward trajectory for a sixth consecutive month amid supply concerns tied to El Niño.
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Global cocoa prices have climbed for the sixth consecutive month, driven by growing market concerns over the potential impact of the El Niño weather pattern on agricultural production and supplies.
Commodity market participants continue to monitor agricultural yields closely as weather-related disruptions threaten output in key growing regions. The sustained multi-month price rally underscores persistent worries regarding the stability of global cocoa supplies.
Source: Qazinform
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