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Nigeria's Cocoa Farmers Find New Market in Russia Amid EU Restrictions
Nigeria's Cocoa Farmers Find New Market in Russia Amid EU Restrictions
Sputnik Africa
Russia is set to begin importing cocoa beans from Nigeria this autumn, with the first shipment expected between September and October. This move aims to... 17.09.2024, Sputnik Africa
2024-09-17T16:03+0200
2024-09-17T16:03+0200
2024-09-17T16:04+0200
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Nigeria's Cocoa Farmers Find New Market in Russia Amid EU Restrictions
Sputnik Africa
Russia is set to begin importing cocoa beans from Nigeria this autumn, with the first shipment expected between September and October. This move aims to strengthen economic ties and enhance trade between the two nations. Global South Pole's host joins a Nigerian official to discuss the significance of this milestone between the two nations.
Nigeria's cocoa industry is thriving, with farmers benefiting from rising international cocoa prices, Dr. Patrick Adebola, Executive Director, Cocoa Research Institute of Nigeria, tells Global South Pole. He further asserts that there is a growing interest in establishing new plantations, and many international buyers and companies are now actively involved in exporting Nigerian cocoa beans to global markets.Sharing his thoughts on Russia's plan to import cocoa beans from Nigeria, Dr. Adebola describes it as a good move that would benefit the West African country economically and technologically. He further sees it as an avenue to an alternative market for farmers in the face of unfavorable regulations imposed on them by the EU.To find out what else our guest had to say, tune in to the Global South Pole podcast, brought to you by Sputnik Africa.In addition to the website, you can also catch our episodes on Telegram.► You can also listen to our podcast on Apple Podcasts, Spotify, Deezer, Castbox, Pocket Casts, Afripods, Podcast Addict, and Overcast.► Check out all the episodes of Global South Pole.
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Nigeria's Cocoa Farmers Find New Market in Russia Amid EU Restrictions
16:03 17.09.2024 (Updated: 16:04 17.09.2024) Russia is set to begin importing cocoa beans from Nigeria this autumn, with the first shipment expected between September and October. This move aims to strengthen economic ties and enhance trade between the two nations. Global South Pole's host joins a Nigerian official to discuss the significance of this milestone between the two nations.
Nigeria's cocoa industry is thriving, with farmers benefiting from rising international cocoa prices, Dr. Patrick Adebola, Executive Director, Cocoa Research Institute of Nigeria, tells Global South Pole.
He further asserts that there is a growing interest in establishing new plantations, and many international buyers and companies are now actively involved in exporting Nigerian cocoa beans to global markets.
"Recently, I've seen a lot of requests for the establishment of new plantations. We have also seen a lot of players coming into the international aspect of the cocoa industry in Nigeria in terms of trying to buy cocoa beans from the farmers and exporting them. There are a lot of industries, big companies that are now involved in the exportation of cocoa beans from Nigeria to several international destinations," the executive director says.
Sharing his thoughts on Russia's plan to import cocoa beans from Nigeria, Dr. Adebola describes it as a good move that would benefit the West African country economically and technologically. He further sees it as an avenue to an alternative market for farmers in the face of unfavorable regulations imposed on them by the EU.
"This will be good for us, and it will also be good for the farmers. A situation where you have a kind of European Union regulation hanging on our neck and threatening the livelihood of 3 million farmers in Nigeria is not good. So this is an opportunity, and I believe Nigerians should grab and diversify where we export our cocoa beans to, and I'm sure the Russian Federation will not impose this kind of unfair regulation on cocoa producers in West Africa. So it is a case of an alternative market, which is good for the country," Dr. Adebola stresses.
To find out what else our guest had to say, tune in to the Global South Pole podcast, brought to you by Sputnik Africa.
In addition to the website, you can also catch our episodes on
Telegram.► Check out all the episodes of Global South Pole. 
