Nigeria Cocoa Production Forecast to Drop 11% to 305,000MT

Nigeria’s Cocoa Association projects Nigeria’s 2025/26 cocoa production will fall -11 percent year on year (y/y) to 305,000 MT from a projected 344,000 MT for the 2024/25 crop year.

In related news, Nigeria reported that its July cocoa exports fell -22% y/y to 13,579 MT, based on a report from Barchart, a leading provider of market data and services to the global financial, media, and commodity industries.

According to the report, Nigeria reported that its July cocoa exports fell by 22 percent y/y to 13,579.

There has been fear that high cocoa prices and tariffs could undermine chocolate demand as these uncertainties have put cocoa prices under pressure over the past seven weeks.

Exports from the Ivory Coast, the world’s largest cocoa producer has slowed as government data released on September 29 showed that the country’s farmers shipped 1.82 MMT of cocoa to ports this marketing year from October 1 to September 28, up +3.4 percent from last year but down sharply from the much larger +35% increase seen in December, according to report from Barchart.

Consumers are going to be paying more for a bar of chocolate as slower export that has dampened demand.

Get More of our proprietary news and analysis as MoneyCentral is now on WhatsApp Channels  Follow the MoneyCentral Nigeria channel on WhatsApp: Click here!