Re: FTN Cocoa
Guys, take note of this info below from proshare concerning cocoa, cos ftn cocoa exports their products to europe.
Proshare News and Analysis
Economy & Money Market Updates - 180808
Posted Monday, August 18, 2008
New EU agriculture policy threatens livelihood of 10 million Nigerians
At least 10 millions Nigerians and their dependants representing about 6.7 percent of the nation’s population who live on cocoa are due for the labour market if the ministry of agriculture and water resources continues to pretend not to have been informed officially or otherwise of the new Maximum Residue Limits (MRLs), on agricultural commodities by the European Union (EU) which comes into effect from September 1, 2008.
This was the position of the stakeholders who gathered at the Osun state Government House recently to deliberate on the future of the Nigerian cocoa following the recent EU rule which adversely affected cocoa beans.
|