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Lagos, South Africa and New York
Wednesday, June 3, 2020

Ghana 2018/19 cocoa output expected to drop 6 pct due to disease, drought

Ange Aboa SUNYANI, Ghana (Reuters) - Ghana’s cocoa output is expected to drop nearly 6 percent this season to 850,000 tonnes because of disease and dry weather, sources at the cocoa regulator, COCOBOD, said on Wednesday. ADVERTISEMENT Ghana previously forecast production of 900,000 tonnes, the same as...

Ghana, Ivory Coast leads Nigeria in Cocoa output, agree on 2019/20 export volumes

At a time Nigerian Cocoa producers are battling for survival due to government’s near negligence of the sub sector, Ghana and Ivory Coast are set to jointly decide on the volume and timing of cocoa exports by August for the 2019/20 season. According to the...

Ivory Coast cocoa farmgate price up in new season, Ghana’s flat

* Ghana, Ivory Coast produce 60 pct of world’s cocoa * Countries moving towards harmonising prices (Combines Ivory Coast, Ghana, adds farmer reaction) By Ange Aboa and Kwasi Kpodo ABIDJAN/ACCRA, Oct 1 (Reuters) - Ivory Coast, the world’s top cocoa grower, raised the guaranteed price it pays...

Nigeria sells 47% cocoa to Netherlands – NEPC

Executive Director, Nigerian Export Promotion Council (NEPC) Mr Olusegun Awolowo, has said that Nigeria sells 47 per cent of it’s Cocoa to the Netherlands. Awolowo said this while fielding questions from State House correspondents after a trade agreement between the Netherlands and Nigeria at...

Nigeria’s coffee consumption to rise 23% in 2020

Coffee consumption in Nigeria rose by more than 20% between 2010 and 2015. Euromonitor predicts Nigerians will drink more than 1,000 tons of coffee in 2020, 23% higher than last year. Nearly 10% of the world’s coffee still comes from the continent, but Nigeria, Africa’s...

Heavy rains, black pod threatens Nigeria’s $764.7m cocoa output

By Tolani Awere Black pod thrives in wet conditions, causing trees to wither Cases recorded in Nigeria’s two main cocoa-growing regions Nigeria’s 2019-20 cocoa crop is threatened by an attack of the fungal black-pod disease due to the wetness created by persistent rains in the main cocoa-growing...

Ivory Coast to auction cocoa crop in advance to guarantee price for season

Ange Aboa ABIDJAN (Reuters) - Ivory Coast’s Cocoa Coffee Council (CCC) has decided to auction all of its cocoa production to exporters in advance in order to set a guaranteed price throughout the season for producers, CCC sources said on Wednesday. Approximately 1.7 million tonnes of...

Nigeria Moves to Improve Cocoa Sector

Economy Monday, June 11,2018 C ocoa House in Ibadan, southwest Nigeria, was built with the earnings from exports of cocoa beans and at 26 storeys was once the country’s tallest building. Profits from sales of the commodity–prized around the world as the basic ingredient for chocolate–used to...

Heavy rains, poor sunshine dampen Nigeria’s 2018/19 cocoa outlook

Chijioke Ohuocha LAGOS, June 20 - Heavy rainfall and poor sunshine across Nigeria’s cocoa-growing regions raises the likelihood of black pod disease which would hurt the main crop this season, an industry body said on Thursday. Farmers in Nigeria, the world’s fourth-biggest cocoa grower, are...

Cameroon expects cocoa grinding to more than double in coming years

NGOMEDZAP, Cameroon, Aug 7 - Cameroon expects cocoa bean grinding to more than double in the next two to three years to 130,000 tonnes due to fiscal incentives for investors, its trade minister said on Tuesday. Cameroon, whose 253,000 tonnes of cocoa output last season...