October 10, 2019 / 10:03 AM / a month ago

Nigeria plans to team up with Cameroon to agree cocoa premium -producer body

LAGOS, Oct 10 (Reuters) - Nigeria aims to team up with Cameroon to agree a premium for its cocoa with buyers, the vice president of the World Cocoa Producers Organisation told Reuters, after the world’s top growers Ivory Coast and Ghana set a price floor for the crop.

The plan suggested by Nigeria, the world’s fourth-largest cocoa producer, is part of a trend which has seen growers in West Africa and Latin America seek to influence prices in the global market. (Reporting by Chijioke Ohuocha Editing by Alexis Akwagyiram Editing by David Goodman)

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