Cocoa Prices Rise in Nigeria’s Ekiti State, Steady in Akwa Ibom

Date:

IBADAN, Nigeria–Prices of cocoa have risen this week in Nigeria’s Ekiti state but remain steady in Akwa Ibom state, traders said Thursday.

Thank you for reading this post, don't forget to subscribe!

Graded cocoa is trading in Ekiti state, one of the five key cocoa-producing states in the southwest region, at 850,000 Nigerian naira ($2,068) a metric ton, from NGN830,000 a fortnight ago, a trader said.

Meanwhile, cocoa prices remain steady in Akwa Ibom state, one of the three cocoa-producing states in the country’s southeast region at NGN800,000, according to Bassey Ekikere, a trader in Uyo, the state’s capital.

Graded cocoa has been inspected and certified as fit for export by government produce inspectors.

By Naija247news
By Naija247newshttps://www.naija247news.com/
Naija247news is an investigative news platform that tracks news on Nigerian Economy, Business, Politics, Financial and Africa and Global Economy.

Share post:

Subscribe

Popular

More like this
Related

Veterinarians back proposed creation of livestock ministry

July 22, 2024. Azonuchechi Chukwu. Some veterinarians say they are in...

SEC DG Urges Regulators, Stakeholders to Collaborate on ESG

July 22, 2024. Azonuchechi Chukwu. Director General Securities and Exchange Commission...

CPPE Urges MPC to Halt Interest Rate Hikes Amid Stretched Policies

July 22, 2024. Azonuchechi Chukwu. The Centre for the Promotion of...

Zenith Bank maintains Nigeria’s number one Bank by Tier-1 capital for 5th consecutive year

July 22 and, 2024. Azonuchechi Chukwu. Zenith Bank Plc has retained...
× How can I help you?