Nigeria

10 news articles covering commodity markets in Nigeria.

Ivory Coast farmers hold back beans over an unchanged farmgate price

ICE Europe cocoa fell 7% to close below 4,000 GBP/t while Ivory Coast farmers keep protesting a main crop farmgate price held at March's mid-crop level.

Cocoa drops 12% in a week short on fundamental news

ICE Europe fell 12% and ICE US 11% on little fresh input, while Ghana's proposed farmgate price sits around 75% above the Ivorian level for the new season.

Directionless cocoa market awaits fresh pod counts for the new season

Cocoa futures are swinging within a tight range as traders wait for new pod counts and EUDR compliance risk builds for Ivory Coast's new season.

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 chocolate demand elasticity in Europe, with consumers pushing back after cumulative 30% price increases. What follows.

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

West African cocoa regions are seeing mixed rainfall ahead of harvest, with uneven distribution across Côte d'Ivoire and different conditions recorded in Ghana.

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

Ivory Coast has cut main crop export contracts by 100,000 tonnes to 1.2 million as severe drought and disease threaten the top producing nation's crop.

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

The ICCO widened its 2023/24 cocoa deficit estimate to 494,000 tons as mid-crop quality concerns persist in West Africa. Futures hit $10,974 before easing.

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.