Cocoa futures soar 80% as heavy rains disrupt harvest in world’s top producer 

Cocoa futures have surged by over 80% year-to-date, with more than a 10% rise since October, as adverse climate conditions severely disrupt the harvest season for the world’s top producer In Ivory Coast, the world’s top producer of cocoa beans, heavy rains—particularly in the southwestern region—have intensified since the final week of September. These downpours …