Cocoa's Hidden Risk Is a Dry Wind Off the Sahara Desert
StoneXEl Nino shapes the West Africa cocoa harvest by drying the main producing belt of Ivory Coast and Ghana between November and March. Lucca Bezzon, StoneX Brazil Market Intelligence Analyst, breaks down what a strong El Nino means for the cocoa harvest now underway in West Africa. Cocoa is opening its new crop year after a comfortably supplied season, with weekly arrivals from Ivory Coast running behind the same point last year. The Harmattan, the hot dry wind that carries Sahara desert dust into the cocoa belt, intensifies between November and March, and analogue El Nino years show lower rainfall across southern Ivory Coast and Ghana. 0:00 Cocoa Meets a Strong El Nino 1:23 Ivory Coast Arrivals Open Low 2:17 Farm Gate Friction in Ghana 2:49 The Harmattan Wind Explained 4:26 Past El Nino Years Ran Drier 5:22 Cocoa Mid-Crop Volumes at Risk Discover Actionable Cocoa Insights with StoneX Market Intelligence: https://shop.stonex.com/collections/cocoa?utm_source=youtube&utm_medium=social&utm_campaign=sxtv_guest_lucca_bezzon&utm_content=share Like and subscribe for more financial market insights. #StoneX #LuccaBezzon #Cocoa #ElNino