Cocoa Beans Prices in Nigeria
Quick answer: Mansa Markets' exchange spot price for Nigerian dry cocoa beans moved from about ₦6.1 million per tonne in early September 2026 to ₦4.87 million at end-September, then ₦7.25 million through October. Prices remain well below the early-2025 peak after world prices fell to about $4,200 per tonne in February 2026.
Prices by type
| Type / brand | Price range | Unit |
|---|---|---|
| Dry beans, exchange spot (Lagos/bulk) | ₦4,870,000 – ₦7,250,000 | per tonne |
| Farm-gate, Ondo (March 2026, one farmer's report) | ₦2,000,000 – ₦2,500,000 | per tonne |
Typical retail ranges seen in October 2026. Prices change often; confirm with the seller before you pay.
Why prices differ
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Frequently asked questions
What is the price of a tonne of cocoa in Nigeria now?
Mansa Markets' exchange spot price was ₦7.25 million per tonne (₦7,250/kg) through October 2026, up from about ₦4.87–₦6.1 million in September 2026.
Why are farmers paid less than the quoted price?
Quoted spot prices are for bulk dry beans traded by exporters. In March 2026 an Ondo farmer told Nairametrics he was getting ₦2,000–₦2,500 per kg, far below exchange levels, after middlemen and costs.
Why did cocoa prices crash?
Nairametrics reports that oversupply expectations and weaker demand pushed world prices down about 62% in nine months, to around $4,197 per tonne by February 2026, which dragged naira prices down.
Sources
How we check prices- Cocoa price in Nigeria — exchange spot history — Mansa Markets, 2026-10-26
- Cocoa Price in Nigeria Today — Mansa Markets, 2026-10-27
- Nigerian cocoa farmers face massive debt as prices crash 70% — Nairametrics, 2026-03-22
- Ivory Coast eyes bountiful cocoa harvest while Nigerian farmers battle price crisis — Nairametrics, 2026-03-30
