Cocoa

The United States has formally scrapped the 15% tariff previously imposed on Ghana’s cocoa and selected agricultural exports, Ghana’s Minister of Foreign Affairs, Samuel Okudzeto Ablakwa, announced on Monday. The…

Ghana cut its cocoa harvest forecast for a second time this season, a setback that risks further fanning a price rally that’s already hit both chocolatiers and consumers. The world’s second-largest grower has trimmed its outlook for the…

A steeper slump in Cocoa processing, further than last quarter, is imminent following the hike in the price of the commodity's beans.  With this development, chocolate makers are likely to pull back on demand. The historic shortage that…

As the cocoa crisis deepens, grinding figures that have long been used to gauge chocolate consumption are becoming a less reliable indicator of demand. Bloomberg reports that New global figures are due Thursday on so-called grinds, where…

From thieves stealing pods to traders rigging scales — high drama is unfolding in Nigeria and Cameroon’s cocoa markets — as everyone jostles for the massive profits on offer as prices of the chocolate ingredient have soared to their highest…

Ondo state government Monday distributed 20,000 hybrid cocoa seedlings among farmers in Isua-Akoko, Akoko South-East Local Government Area of the state The distribution is the core target of Cocoa Revolution Project of the…

Cocoa Farmers in Cross Rivers state that failed to turn up for the biometrics conducted by the state are to pay N108.4 million rent on the 1,144 plots of land leased to them for cultivation, the Special Adviser to the Governor on Cocoa…

President Muhammadu Buhari has expressed regrets over the neglect of the cocoa sector over the years, saying his administration will work to re position it and other non-oil export commodities. Buhari said this at the First International…

The Osun Cocoa Products Industry, Ede, is to start production of cocoa powder, butter and cake by October. The cocoa industry was established in 1982 but became moribund in 2001. The company was revived by Gov. Rauf Aregbesola’s…

The Cocoa Association of Nigeria confirmed the country has dropped to the world’s seventh top producer of the crop after its projected output for the 2015-2016 season was lowered to 190,000 metric tons. The International Cocoa…