…Ton of cocoa surges 567% in one year
The steep devaluation of the naira is taking a heavy toll on cocoa processors and chocolate makers who now have to pay more to access their most important input.
Cocoa prices are quoted in dollars and euros. As a result, cocoa price has surged by over 56
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Josephine Okojie and Ruth Tene Natsa
Josephine Okojie-Okeiyi is a journalist with over five years’ reporting experience. She writes on industry, agriculture, commodities, climate change, and environmental issues.
She is fellow of Thomson Reuters Foundation and Bloomberg Media Initiative for Africa.
