The threat of ‘El Niño’ tightens the coffee and cocoa market
Although far from the highs of 2024 and 2025, sharp fluctuations in both commodities may worsen due to the climate event.
The World Bank's beverage index, which tracks global coffee, cocoa, and tea prices, fell by a third in the second quarter of 2026 compared to the previous year. Despite this, coffee and cocoa prices have recently surged due to factors such as Brazil's delayed 2026-2027 harvest and floods in Côte d'Ivoire and Ghana. The National Oceanic and Atmospheric Administration (NOAA) predicts a strong El Niño event in the autumn and winter of 2026-2027, which could further impact coffee and cocoa production.
The United Nations Food and Agriculture Organization (FAO) and market analysts warn that the concentration of production in a few countries makes these crops vulnerable to climate shocks.
Written by urgent.news from El Pais Economia's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
