How Red Sea tension is impacting cocoa prices

China is urging Iran to help rein in attacks on ships in the Red Sea by the Iran-backed Houthis. The attacks are already causing a surge in freight rates reflected in cocoa prices in December. Meanwhile, Cote D’Ivoire has halted sales of cocoa export contracts for the 2024/2025 season due to concerns about low output. Tedd George, the Chief Narrative Officer at Kleos Advisory, joins CNBC Africa to discuss how trade tension is impacting the commodities market.
Fri, 26 Jan 2024 14:40:00 GMT