23/10/2025
🇳🇬 NIGERIA COMMODITY TREND (Mon–Thurs)
1️⃣ Cocoa:
Price is moving up and down — export demand still strong, but local buyers are holding back.
🟢 Hot states: Edo, Ogun, Oyo, Abia.
💡 Tip: If you sell cocoa beans, sell small and fast; don’t hoard too long.
📊 Source: TradingEconomics - Cocoa
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2️⃣ Cashew:
Buyers are back in the market as China demand is picking up.
🟢 Hot states: Kogi, Enugu, Oyo, Anambra.
💡 Tip: Cashew processors are paying better — move products direct to them.
📊 Source: Google Trends - Cashew Nigeria
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3️⃣ Shea Butter:
Export ban made local prices go quiet, but traders still buying small batches in the north.
🟢 Hot states: Niger, Kebbi, Kwara.
💡 Tip: Wait for government update before buying in bulk.
📊 Source: TradingEconomics - Nigeria News
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4️⃣ Maize:
Prices still fair in the north as new harvest enters market.
🟢 Hot states: Kaduna, Kano, Benue.
💡 Tip: Good time to buy and store — prices may rise by December.
📊 Source: Google Trends - Maize Nigeria
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5️⃣ Fertilizer (Urea):
Local companies producing more, but global prices remain high.
🟢 Hot areas: Lagos, Rivers, Kaduna (big buyers).
💡 Tip: Buy early before next planting season — prices could jump.
📊 Source: TradingEconomics - Urea
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🔍 Summary:
“Cocoa and cashew markets are moving again, shea is still quiet, maize prices good for storage, and fertilizer is cheaper now than it will be later.”
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📰 Source: TradingEconomics.com, Google Trends Nigeria (checked Oct 23, 2025)