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Ivory Coast’s weather agency warned that an exceptionally strong El Niño could reduce 2026/27 cocoa production by 21% to 25%. It cited lower rainfall, hotter conditions, a shorter rainy season and a longer dry season, which could damage young pods and trees.
The country had already paused sales of 2026/27 main-crop export contracts after selling about 1.15 million tonnes.
A sharp crop reduction in the world’s largest cocoa producer would tighten global cocoa availability and support prices. The forecast also adds uncertainty to export-contract supply while the country waits for a clearer harvest estimate.
cnbcafrica.comReutersNov 11, 2026After 2,467 past weather events, Corn moved a median +0.1% over 5 sessions (51% higher; middle half -1.5% to +1.7%), and +0.6% over 20.
After 1,964 past weather events, Soybeans moved a median +0.1% over 5 sessions (51% higher; middle half -1.7% to +1.8%), and +0.3% over 20.
After 1,773 past weather events, Wheat (SRW) moved a median +0.1% over 5 sessions (52% higher; middle half -1.5% to +2.1%), and +0.2% over 20.
After 361 past weather events, Palm Oil moved a median +0.0% over 5 sessions (51% higher; middle half -1.3% to +1.3%), and -0.2% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
