Cocoa, coffee top best-performing commodities in 2024

In 2024, commodity prices were projected to soften by 3 percent. Further declines are expected in 2025 and 2026, with the World Bank projecting that commodities will hit their lowest level post-COVID in 2026. However, the anticipated declines are not uniform across all commodities, as weather-related supply disruptions and conflict-driven risks influenced specific sectors in 2024, with such shocks anticipated in 2024. For commodity traders, these dynamics have created pockets of strong returns, and Nigerian traders were not left out of th