Are you sure you'd like to remove this alert? You will no longer receive email updates about this topic.
Latest From Obafemi Oredein
The abolition of Nigeria’s cocoa board has impacted the quality and quantity of the country’s crop over the past 30 years. Could a reinstatement bring about the changes it needs to improve these and pursue more added value organic products?
The Cocoa Research Institute of Nigeria (CRIN) is set to closely monitor the second distribution of its new cocoa variety, in order to raise Nigeria`s cocoa output.
The world`s two largest cocoa producers, Ghana and Ivory Coast, announced in March two major steps that would help them halt the fall of cocoa prices and take control to dictate its prices.
Nigeria has cultivated cocoa for more than 100 years, and been grinding for 30, but it still sells 80% of its annual production as raw beans to consumers in Europe, Asia and North America.
The Ghanaian government’s decision to not cut its cocoa producer prices will provide light relief for the country’s cocoa industry and disarm stakeholders who opposed the move.
Despite global cocoa prices rising in past few weeks due to the prolonged West African drought, they are still far from the record level of two years ago. How are West African producers coping and responding given that they are now considerably lower?