Nigerian cocoa exporters lament over global price slump : co

Nigerian cocoa exporters lament over global price slump


Nigerian cocoa exporters lament over global price slump
Exporters of cocoa are in a dilemma following continuing price slump in the international market.
Cocoa, a key ingredient in chocolate, a luxury food product, has also seen a decline in demand. It is among Nigeria’s leading agricultural exports and constitutes two per cent of Nigeria’s exports yearly.
In recent days, cocoa futures markets in London, New York and Amsterdam weekly, show prices per tonne ranging from $2250 to settle at $2,357.50, the National President, Federation of Agricultural Commodity Association (FACAN), Dr. Victor Iyama, told The Nation that exporters hardly get $2000 per tonne.

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