Nigeria to team up with Cameroon to agree cocoa premium

Nigeria aims to team up with Cameroon to agree a premium for its cocoa with buyers, the vice president of the World Cocoa Producers Organisation told Reuters, after the world’s top growers Ivory Coast and Ghana set a price floor for the crop.

The plan suggested by Nigeria, the world’s fourth-largest cocoa producer, is part of a trend which has seen growers in West Africa and Latin America seek to influence prices in the global market.  Reuters

Pix: Cocoa plantation