Godwin Ukwu News

Nigeria Cocoa Shipment Resumes

Exporters have resumed loading of cocoa shipments in Nigeria's second-largest producing area, Cross Rivers state, after the state government suspended on Friday a levy on bean exports, a trade body said. Cocoa shipments from Cross Rivers, which produces annual volumes of around 60,000 tonnes in the world's fourth-biggest producer, had been halted for over a week as exporters protested the state's failure to adhere to a court ruling last week to repeal the tax. About 500 tonnes of cocoa due for export were stuck in warehouses while shipments were suspended. The Cross Rivers state government in 2011 introduced a levy on cocoa exporters who ship the beans through Nigerian seaports other than the state's Calabar port. Exporters went to court to stop the levy.