![Perfect storm in cocoa continues: Brace for a new price surge](/content/images/size/w600/2024/05/Front-cocoa3.png)
RESEARCH
Perfect storm in cocoa continues: Brace for a new price surge
Despite a 40% pullback in the parabolic cocoa rally, hedge fund manager Pierre Andurand believes cocoa has another leg up to go. Several structural factors with near-term impact, combined with a 10-year replant cycle and a technically appealing setup, suggest he will likely be right.