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Nigeria seeks to cash in on soaring cocoa prices
Nigeria seeks to cash in on soaring cocoa prices
Economy
by  AFP

Booming cocoa prices are stirring interest in turning Nigeria into a bigger player in the sector, with hopes of challenging top producers Ivory Coast and Ghana, where crops have been ravaged by climate change and disease. - 'Full-sun' monocrop - Ivory Coast is by far the world's top grower, producing more than two million tonnes of cocoa beans in 2023, followed by Ghana at 650,000 tonnes.

China consumption slump deepens as February prices drop
China consumption slump deepens as February prices drop
Economy
by  AFP

Consumer prices in China fell last month for the first time since January 2024, official data showed Sunday, as authorities in the world's second-largest economy struggle to kickstart spending. It also reversed the 0.5 percent uptick recorded in January, when a surge in spending during the Lunar New Year boosted inflation to its highest rate in months.