Navigating EU Cocoa Regulations: Challenges and Opportunities for Nigerian Exporters

Ahead of the December 30, 2024 deadline, cocoa exporters and farmers in Nigeria are facing challenges in complying with new EU regulations[1][2]. The EU’s regulation has placed Nigeria’s $2.12 billion cocoa export industry in a dilemma[1]. To meet the EU’s requirements, Nigerian cocoa exporters must make changes to their processes and certifications, which is causing disruptions and uncertainty in the industry[1][2].

The availability and delivery time of Nigerian cocoa exports to the EU could be affected as the industry races to comply with the new regulations before the deadline[1][2]. While Nigeria is a major exporter of raw cocoa beans, the country’s ability to export processed cocoa products may also be impacted by these regulatory changes[3][4].

Citations:
[1] https://www.latestnigeriannews.com/p/3516519/cocoa-eus-regulation-places-nigerias-212bn-export-in-dilemma.html
[2] https://businessday.ng/news/article/nigeria-races-to-comply-with-eus-regulation-for-cocoa-export-ahead-december-deadline/
[3] https://agritrade.cta.int/en/Agriculture/Topics/EPAs/Cote-d-Ivoire-trade-policy-dilemma-highlighted.html
[4] https://www.linkedin.com/pulse/dilemma-nigerian-restructuring-akintokunbo-adejumo
[5] https://www.researchgate.net/publication/335051719_Demand_for_Indonesian_cocoa_beans_in_a_dilemma_Case_study_Malaysian_market