Cocoa costs in Nigeria go up in Cross River, and go down in Osun

Posted by Obafemi Oreden

Particular to the Dow Jones information journal

IBADAN, Nigeria – Cocoa trades at 2.2 million Nigerian naira ($2,966) per metric ton in Nigeria’s Cross River state, a cocoa business official stated on Thursday.

Cross River, situated within the southern area of Nigeria, is the second largest producer of cocoa within the nation. Graded Cocoa – permitted for export – traded at 2.1 million naira per ton on August 2.

Cocoa dealer Wahab Bello, in southwestern Osun state, the nation’s third-largest cocoa-producing state, stated cocoa got here in at 1.9 million naira per ton.

Cocoa traded at 2 million naira per tonne within the state on July 26, based on a dealer.

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