Browsing Tag
cocoa
2 posts
Do You Know Ivory Coast and Ghana produce 60% of the world’s cocoa? Prices Surge as Chocolate Demand Soars
Cocoa futures have surged by 16% in November 2024, bringing year-to-date gains to over 100%, as supply shortages and adverse weather in major producing regions collide with rising global demand for chocolate.
The market’s volatility reflects an increasingly fragile … Continue Reading
Lagos State Unveils Plans for Cocoa Industry Expansion by 2025
The Lagos state government has announced plans to establish three cocoa processing plants with an annual production capacity of 10,000 metric tonnes each by 2025.
Commissioner for Commerce, Cooperatives, Trade and Investment, Folashade Ambrose-Medebem, revealed these initiatives at the … Continue Reading