New cocoa board to support farmers, regulate market, and drive Nigeria’s competitiveness in the global cocoa value chain.
Hershey is working with lawmakers and trade groups to advocate for the exemption.
The new pricing is expected to be announced in August 2025.
Farmers report that the regular showers will help young cocoa pods mature, ensuring strong yields later in the season.
Tight global supplies, strong demand, and weather disruptions continue to influence volatility across key beverage commodities in 2025.