Cocoa
Cocoa production, exports, and global pricing
Nigeria's Farm Exports Lean on Five Crops
Just five products, led by cocoa, generated about 90% of Nigeria's agricultural export earnings in early 2026. The concentration leaves the country's farm trade exposed …
West Africa's Cocoa Bloc Targets Raw Exports
Nigeria, Ghana, Côte d'Ivoire and Cameroon, which grow about two-thirds of the world's cocoa, have signed the Abuja Declaration to process more beans at home. …
China Drops Its Tariffs for Africa
From May 2026, China scrapped import duties on almost everything from 53 African countries, including Nigeria. Sesame, cashew, ginger and cocoa that once faced tariffs …
Europe's Forest Rules Reach Nigeria's Cocoa
The EU's Deforestation Regulation takes binding effect from 30 December 2026, forcing exporters of cocoa, palm oil, rubber and coffee to prove their goods are …
Cocoa's Wild Ride From Boom to Bust
Cocoa has whipsawed from a record near $13,000 a tonne in 2024 to about $3,000 in early 2026, then rallied again. West African governments slashed …
EU Forest Rules Rattle Cocoa Exports
The European Union's deforestation law will soon bar cocoa, palm, rubber and coffee that cannot be traced to deforestation-free land. Africa risks losing up to …
Cocoa Leads Nigeria's ₦12.36 Trillion Non-Oil Export Surge
Nigeria's non-oil exports climbed to ₦12.36 trillion in 2025 from ₦9.09 trillion in 2024, with agriculture making up about 41%. Cocoa was the single biggest …
Nigeria Bets on Processing to Grow Its Cocoa Earnings
Record global prices lifted Nigeria's cocoa export earnings to about ₦2.7 trillion in 2024, even as output stayed flat. With prices easing in 2026, officials …
Cocoa Prices Have Crashed 55%. Your Chocolate Bar Still Costs More Than Ever. Here’s Why.
Global cocoa has plunged from $12,000/tonne to around $5,500 — a 55% crash. But retail chocolate prices jumped 14.4% in early 2026. The gap between …
The Missing Bill That Could Reshape Nigeria's ₦500 Billion Cocoa Sector
A presidential bill to establish a Nigerian Cocoa Board was transmitted to the National Assembly in November 2025 — then vanished. Farmers across Ondo, Osun, …