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Growing up in Nigeria's cocoa farming area of Ikom in the southeast, Anyoghe Akwa did not see much of a future, so instead he decided to move away, study civil engineering and carve out a career in ...
"The higher price of cocoa beans forces producers to either increase the price of the final chocolate product or keep prices the same and lower the total quantity – 'shrinkflation,'" Martin-Rayo ...
Cocoa plantations spanned 6,123.07ha and there were 5,317 cocoa farmers last year. Cocoa bean production was less than 500 tonnes, causing cocoa grinding factories to depend solely on RM6.8bil ...
At the top price, Akwa was selling cocoa for 20 times its value in 2022, when the price of one 64-kg bag of beans was 60,000 naira, according to local growers. NIGERIA'S COST OF LIVING CRISIS A ...