Price Surges in Nigerian Cocoa Beans

Cocoa Bean

Nigeria

Published Feb 23, 2022

The wholesale price of Nigerian cocoa beans increased by +16.7% YoY. The price was valued at USD 2.55/kg in W3 Feb-22, which was USD 2.18/kg in the same period in the previous year. Input costs increased by 25%-30% YoY led the price of cocoa beans in Nigeria to rise. This also pushed the Nigerian cocoa beans export value to Malaysia to increase +123.4% YoY during January - November 2021.

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