Health protocols introduced by Nigerian authorities to curb the spread of the coronavirus have delayed cocoa exports, leaving at least 30,000 tonnes stranded at the Lagos port and in warehouses, Bloomberg reported.
Under rules introduced by shipping regulators, crew of vessels entering the country’s waters are required to observe a mandatory 14-day quarantine period before they can discharge their goods or take up fresh cargo, according to Muftau Abolarinwa, president of the Cocoa Association of Nigeria, which groups farmers, traders and processors. The disruptions have stalled the shipment of cocoa at the Lagos port and delayed arrivals from farms and warehouses, he said.
Though most of the shipments are meant to fulfill futures contracts, most exporters are anxious to avoid further postponements, said Abolarinwa. “Further delays at the ports might result in the cargoes getting to their destinations late and could result in contract defaults,” he said.
Nigeria, which ranks fifth among the world’s biggest producers, has two cocoa harvests, with the main crop happening between October and December, and the smaller midcrop maturing from April to June. The 2019-20 output estimate for Nigeria was revised to 181,475 tons from 213,509 tons by the industry body, citing the threat of fungal disease to the season that started in October.
At least, 20,000 tonnes of the cocoa belonging to Olam International have been caught in these delays even after being loaded into containers, according to two ports inspection officials. Officials at Olam’s Nigeria office declined comment when contacted for confirmation.
Farmers in many parts of the country’s southern cocoa-growing belt were unable to move their produce to the ports in the past month due to restrictions on movement imposed by the authorities, leaving more shipments stuck in warehouses or en route to the port, said Wale Shittu, a local buying agent based in the southeastern cocoa-trading town of Ikom.
YOU SHOULD NOT MISS THESE HEADLINES FROM NIGERIAN TRIBUNE
Osun Discharges Two Children, Six Others After Testing Negative For Coronavirus
Osun State government on Monday night announced the recovery and discharge of eight coronavirus patients including two children from its isolation centre… Read full story
COVID-19: Police Seal Emir Of Daura’s Palace
Police have sealed off the palace of the Emir of Daura, Alhaji Umar Farouk as a result of the monarch’s failure to prevent congestion in the palace. A source who pleaded anonymity stated that the emir assembled over 1,000 people in his palace where he distributed food to them… Read full story
Omowura: Man Who Sat On 200 Needles
Five hundred and thirty five pages in seven chapters girded firmly, front and back, by a Preface, a Foreword, an Afterword and an Acknowledgment! This unusual structure makes this an uncommon biography. The story, if seen as a drama, has all the trappings of a Shakespearean tragedy: There is Ayinla Omowura, the tragic hero… Read full story
S/Korea Begins Payment Of $11.65bn Disaster Relief Money To Households
South Korea on Monday began payment of emergency disaster relief funds totaling 14.3 trillion won (US$11.65 billion) to all households, Reuters reports. The money is enable the households to cope with the economic impact of the coronavirus outbreak… Read full story
Delta Farmer Harvests World’s Largest Cassava Tuber
A farmer, Mr. Chuwudumebi Innocent Nwogwonuwe of Onitcha-Okpe Quarters, Ubulu-Uku, in Aniocha South Local Government Area of Delta State, Nigeria, has harvested what is considered the largest tuber of Cassava in the world. The cassava tuber which is named scientifically as Manihot Esculenta measures over 10 feet in,,, Read full story
Police Intercept, Return 42 Zamfara Travellers Who Hid In Truck In Lagos
Forty two passengers who were allegedly trying to move from Zamfara State into Lagos State through a food truck were on Monday intercepted by the police and sent back to their state. The image-maker in charge of the state police command, Bala Elkana, confirmed the development to the Tribune Online and warned other… Read full story