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Nigeria’s 2024-2025 Cocoa Harvest Opens Amid Low Demand and High Interest Rates

Dulue Mbachu

Dulue Mbachu, an experienced journalist, covers business and politics for Allen Dreyfus.
  • Farmers struggle with inventory build-up as buyers face credit squeeze
  • Main-crop yields may be affected by inadequate rainfall

 Abuja, Nigeria – Nigeria’s 2024-2025 main-crop cocoa harvest has begun with farmers accumulating stockpiles amid low demand, as buyers grapple with a credit squeeze caused by high bank interest rates.

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