Nigeria news — Vesper

Cocoa rallies 30% in a week on short-covering and crop risk

EU cocoa front-month May 2026 futures closed up 34% on the week at 3,551 GBP/t, with gains spread across the curve rather than concentrated in the front....

Chocolate manufacturers plan price cuts after consumers reject 30% increases

Mondelez reports higher-than-expected demand elasticity for chocolate in Europe, with consumers pushing back against cumulative 30% price...

Côte d'Ivoire cocoa crop faces weather challenges as rain distribution remains uneven

West African cocoa regions experience mixed rainfall patterns. Côte d'Ivoire sees uneven distribution while Ghana records...

Ivory Coast cuts cocoa export forecast as severe drought threatens global supply

Ivory Coast reduces cocoa export contracts to 1.2 million tonnes as severe drought and disease impact crop quality.

Cocoa markets remain volatile as ICCO widens global supply deficit to 494,000 tons

ICCO expands cocoa deficit forecast amid West Africa crop quality concerns. Futures hit $10,974 before pullback.

Cocoa market volatility continues: July futures swing nearly 19% in historic trading week

July cocoa futures hit $10,898 after 19% rally, then crashed 10%. Analysis reveals 20-year low liquidity, 3.5% demand drop, and West African supply gamble.

US Cocoa tariffs shake global markets: supply squeeze meets trade tensions

New US tariffs of up to 21% on cocoa imports collide with a 40% drop in Ivory Coast production, sending futures tumbling from $9,492 to $7,800.

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