The increase in the prices of diesel and cocoa beans has made it unattractive for Nigeria’s remaining cocoa processing factories to tap export demand for butter, cake and powder.
BusinessDay gathered that farmers now prefer to sell their cocoa beans to merchants who offer to pay more than proce
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Josephine Okojie-Okeiyi is a journalist with over five years’ reporting experience. She writes on industry, agriculture, commodities, climate change, and environmental issues.
She is fellow of Thomson Reuters Foundation and Bloomberg Media Initiative for Africa.
