logo

Nigeria, Cameroon to agree on cocoa premium: What will this mean for Nigeria’s cocoa industry?

PUBLISHED: Mon, 14 Oct 2019 13:37:24 GMT

Share

Nigeria and Cameroon are planning to agree on a premium for their cocoa. That’s according to the Vice President of World Cocoa Producers Organisation, Sayina Riman. Fellow West African cocoa producers, Ghana and Ivory Coast had already set a floor price for the crop at $2,600 per tonne. To discuss what this move will mean for the region and Nigeria’s cocoa industry, Executive Director of FTN Cocoa Processors, Akin Laoye joins CNBC Africa.


Get the best of CNBC Africa sent straight to your inbox with breaking business news, insights and updates from experts across the continent. Sign up here.