Cocoa production – Charm

Nigeria seeks to cash in on soaring cocoa prices

Cs news4 months ago06 mins

Nigeria is looking to become a bigger player in the cocoa bean market (PIUS UTOMI EKPEI) Booming cocoa prices are stirring interest in turning Nigeria into a bigger player in the sector, with hopes of challenging top producers Ivory Coast and Ghana, where crops have been ravaged by climate change and disease. Nigeria has struggled…

Halloween candy prices look frightening due to cocoa concerns

Cs news9 months ago01 mins

Trick-or-treaters, beware this Halloween, even candy is not excluded from inflation trends this spooky season. Cocoa production (CC=F) has dropped over 14% year-over-year while prices have risen nearly 120% in that time, putting pressure on everybody’s favorite candy bar makers. Yahoo Finance senior reporter Brooke DiPalma details how candy companies are reacting to these cocoa…