Nigeria Mum As Ghana Dictates The Price Of Cocoa

Producers previously got 6% of earnings. By Uche Mbah The cocoa market, believed to have been dominated in West Africa by Nigeria, is currently being dominated by the duo of Ghana and Ivory Coast. Nigeria was believed to have accounted for at least 50% of cocoa exports from west Africa. But current statistics puts a combined efforts of Ghana and Ivory Coast as controlling 60% of the export market share of cocoa. And they have started to dictate the pace. West Africa exports Cocoa to Europe for the chocolate and…

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