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Brazil will send a shipment of coffee and cocoa to Europe using a unique and ecologically sustainable means of transport.

By: Claudemir Zafalon The cocoa market is experiencing a new price increase, driven by favorable technical factors, unfavorable weather forecasts and rumors of lower quality of the beans recently harvested in Ivory Coast, the world's largest producer of the commodity. With the market sensitive to these conditions, investment funds are increasing their purchases of cocoa, further pushing up prices.

Cocoa farmers in Nigeria, Africa’s most populous country, are calling for substantial financial support from the federal government to meet the demands of new European legislation on deforestation, the European Union Deforestation Regulation (EUDR). The measure aims to ensure sustainable practices in cocoa production, a vital sector for the Nigerian agricultural economy. The Cocoa Farmers Association of Nigeria (CFAN) has called on the government to increase funding and expand the scope of the National Cocoa Management Committee (NCMC). Established in August 2022, the NCMC is tasked with regulating production and ensuring compliance with European standards set by the EUDR. The committee was established following pressure from smallholder farmers, who have been calling for years for tighter regulation of the cocoa sector, which traditionally operates in a free market. High global prices, weak naira boost exports According to trade report