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Cocoa Prices Rise in Nigeria Amid Low Production, Currency Devaluation

By Obafemi Oredein

Special for Dow Jones Newswires

IBADAN, Nigeria-Cocoa prices have continued to rise in Nigeria as production remains low, traders said Wednesday.

The crop s harvest. ....

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Cash crisis hits Nigeria cocoa exports in fresh blow to world supply

Nigeria’s cocoa exports are coming under threat from a shortfall of cash to pay laborers and transporters, further straining global supply. The country’s central bank in October announced it would redesign 200-, 500- and 1,000-naira notes in a bid to mop up excess cash and rein in inflation. As much… ....

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Cash crisis hits Nigeria cocoa exports in fresh blow to world supply

Cash crisis hits Nigeria cocoa exports in fresh blow to world supply
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