Nigeria 08/09 cocoa exports to May 31 down y/y
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Nigeria 08/09 cocoa exports to May 31 down y/y UPDATED 16 Jul 2009 | 11:47  
Nigeria 08/09 cocoa exports to May 31 down y/y

LAGOS (Reuters) - Nigeria's cocoa exports totalled 134,344 tonnes between October 1, 2008 and May 31, 2009, down 7 percent from the same period a year earlier, data from the Federal Produce Inspection Service (FPIS) showed on Thursday.

On a monthly basis, cocoa exports from the world's fourth biggest grower rose 14 percent year-on-year to 7,291 tonnes in May, the FPIS data showed.

The FPIS is the government agency that certifies cocoa beans and other farm produce fit for export, mainly to Western and Asian markets.

May is the second month of Nigeria's cocoa mid crop, the smaller of two six-month harvest cycles that runs from April to September. It usually comes in at around 50,000-60,000 tonnes a year when conditions are good and chemicals readily available.

Industry experts say actual Nigerian cocoa export figures could be much higher than the official data because a number of exporters do not fully disclose their shipments at the ports.

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