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COCOA ASSOCIATION OF NIGERIA
The cocoa mid-crop output is expected to be weak as measures to curb the spread of the coronavirus hindered farmers and exporters, creating a backlog of unshipped beans.
Nigeria earned over N103 billion from cocoa commodity export in the year 2018. This was disclosed by Mr. Segun Awolowo, the CEO of NEPC.
Nigeria may lose $765 million worth of cocoa output due to the impact of heavy rainfall with the probability of black pod disease which could hurt the crop this farming season @cancocoa