What a Drought Would Mean for Inflation?
Real Vision: Finance & Investing
00:00
Cocoa Is a Commodity That's Still Undervalued
El Nina was where West Africa gets into trouble with hot dry weather. And the point we're trying to make is if you're struggling to grow production when the weather's good, what happens when the weather turns bad? It's going to take a couple of years to get them back on track again. China's appetite for chocolate products would go significantly later in the year as well. But it's one of the few commodities that actually is still historically undervalued.
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