Cocoa prices are rising on the bias that demand would pick up especially during festivities.
LNG was among the top performers in Q3, despite the challenge of the COVID-19 pandemic.
The commodity market performed relatively well in Q3 2020.
Commodities play a vital role in Nigeria’s economy, accounting for more than 90% of its export.
The worsening wave of cases in major global economies strengthened concerns among cocoa traders.
In recent days, cocoa futures have gained over 6%, week to week, ranging from $2250 to settle at $2,357.50 as at 18th April 2020
AFEX has stated that the significant attention being received by the agricultural sector is driven by public, private and development investments.
Afex Exchange Limited (AFEX) and Nairametrics started up conversations about the potential of cocoa as the future for export markets in Nigeria.
A Nigerian cocoa firm, Tulip Cocoa Processing Company, has clamoured for single-digit interest loans to be given to cocoa farmers in the country.
Nigeria appears to be missing out on higher cocoa prices in Europe. A recent article from Reuters reveals that prices of cocoa beans from Ivory Coast and...