Cocoa farmers across Nigeria have expressed concern over ongoing fluctuations in cocoa prices, warning that the instability is affecting income predictability and long-term planning.

The farmers said the persistent volatility in global and local markets has made it difficult to forecast earnings, with prices often shifting sharply within short periods.

They noted that while cocoa remains one of the country’s key agricultural export commodities, inconsistent pricing continues to discourage investment in farm expansion and maintenance.

Stakeholders in the agricultural sector say the situation is further worsened by factors such as exchange rate instability, supply chain disruptions, and global demand shifts.

Farmers are calling on government and relevant agencies to introduce more stabilisation mechanisms, including better price support systems and improved access to market information.

Agricultural analysts argue that reducing volatility in commodity pricing is essential to strengthening rural livelihoods and boosting export earnings.

The concerns come as cocoa remains a major foreign exchange earner for Nigeria and other West African producers.