Market intelligence, trend analysis and forecasts for the Food and Drink industries across the regions

Industry / Nigeria

Cocoa Farmers End Strike

June 2007 | Industry News

Following a four-day strike that brought the industry to a grinding halt, Nigeria's cocoa trade is slowly resuming. Cocoa unions called the strike in order to protest against a rise in fuel prices, thereby paralysing most economic activity and stalling exports from what is now the world's fourth-largest producer of cocoa. Cocoa farmers were not the only ones on strike, as there were separate protests by tanker drivers, which resulted in a major shortage of fuel and raised transport costs, although unions decided to spare vital oil exports. This strike caused fears in Europe's cocoa-importing countries that imports and production

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