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Cocoa Price Gains 7% in April 2018 as Ivory Coast Is Seeking to Reduce Output

Proshare

Friday, April 27, 2018 /08:44 AM/FDC  

The price of cocoa has gained approximately 7% in April as Ivory Coast, the world’s largest producer, is seeking to reduce its output. The impact on Nigeria is not significant because the country’s cocoa export revenue is miniscule compared to oil.

Nigeria’s IGR spiked by 50% y-o-y to N1.17trn ($3.2bn) in Q1 2018. This would help state governments reduce their salary backlog and outstanding debt obligations.


Proshare Nigeria Pvt. Ltd.

Proshare Nigeria Pvt. Ltd.

Proshare Nigeria Pvt. Ltd.

Proshare Nigeria Pvt. Ltd.

Proshare Nigeria Pvt. Ltd.

Proshare Nigeria Pvt. Ltd.

Proshare Nigeria Pvt. Ltd.

Proshare Nigeria Pvt. Ltd.

Proshare Nigeria Pvt. Ltd.

Proshare Nigeria Pvt. Ltd.

Proshare Nigeria Pvt. Ltd.

Proshare Nigeria Pvt. Ltd.

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