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Wednesday, 2 March 2011
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Cocoa Prices Paid to Nigerian Farmers Advance to Record on Ivorian Crisis
Cocoa prices received by farmers in Nigeria, the world's fourth-largest producer, rose to a record yesterday, according to the country's Cocoa Association. The farmgate price was 535,000 naira ($3,490) a metric ton, up from about 460,000 naira a month ago and an all-time high, according to Neji Abang Neji, secretary general of the association. Nigeria ranks behind Ivory Coast, Ghana and Indonesia
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