
Nigeria Will Team Up With Cameroon To Set Cocoa Price
Nigeria is planning to team up with Cameroon to agree on a premium for their cocoa with international buyers, following moves by the top producers – Ivory Coast and Ghana, to boost prices for their crops, the Vice President of the World Cocoa Producers Organisation, Sayina Riman, has said.
The plan, which was said to have been suggested by Nigeria, the world’s fourth-largest cocoa producer, is part of a drive-by cocoa growers in West Africa and Latin America to try to address a perceived imbalance between farmers’ incomes and money made by big commodities traders.
Newsmen reported that Ivory Coast …