Nigeria cocoa committee resumes market digest with a volatile-price outlook
The National Cocoa Management Committee’s 16 October bulletin reviews cocoa markets, traceability and Nigeria’s coming main crop, while distinguishing sector estimates from official figures.
Event / data period:
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Nigeria’s National Cocoa Management Committee (NCMC) issued the 12th edition of its cocoa market digest on 16 October, its first since late June. The Secretariat says the bulletin reviews developments across the preceding 16 weeks, with added attention to the latest fortnight. It reports a sharp reversal in international cocoa prices: the New York December contract settled at US$5,665 per metric tonne on 9 October after a late-August close of US$6,771, while the report calculates a 20.7% September decline.
The digest also relays the Cocoa Association of Nigeria’s projection that output in the 2026/27 season could be about 305,000 tonnes, around 11% below the association’s prior-season comparison; this is an industry forecast, not an official production count. NCMC says Nigeria’s traceability pilot covers Cross River, Ondo, Ogun, Oyo and Osun, and urges exporters to map supply plots ahead of the EU deforestation rules’ scheduled application to large and medium operators on 30 December 2026.
Data
Scope of the NCMC cocoa digest
Publication period and report scope stated in the committee’s issue 12, dated October 16.
| Issue | NCMC Cocoa Digest, issue 012 |
| Coverage stated by the Secretariat | Developments over the preceding sixteen weeks, with emphasis on the last fortnight |
Methodology
The table reproduces the NCMC Secretariat’s own publication metadata and stated scope; it does not independently recalculate the underlying market data.
Updated:
Cocoa production outlook for Nigeria
The Cocoa Association of Nigeria’s estimate for the 2026/27 season, reproduced in the NCMC bulletin.
- 2026/27 season production forecast
- ≈305,000 tonnes
- 2026-10-16 · Forecast
Methodology
The approximately 305,000-tonne figure is the 2026/27 forecast that the NCMC bulletin attributes to the Cocoa Association; it is not an official production measurement. The bulletin’s prior-season comparison is also an association estimate. The date is the bulletin announcement date; the quantity covers the 2026/27 season, not calendar 2026.
Updated:
September New York cocoa-contract price movement
The September price change for the New York December cocoa contract reported in the NCMC bulletin.
- Price change in September
- -20.7 percent
- 2026-09 · Observed
Methodology
The 20.7% decline is the NCMC report’s calculation for September. The report also gives a 9 October close of US$5,665 per metric tonne for the New York December contract and an end-August close of US$6,771; this item records only the September change.
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Subjects and places
Subject proposals
- AgricultureSuggested
- Preserved editorial category/topic; broad candidate onlyncmc.gov.ng ↗
Geographic references
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- Nigeria · Place role: Coverage · Place type: Country or area · Location precision: RegionalEvidence
- Explicit preserved editorial country/region; no city or national centroid inferredncmc.gov.ng ↗