The price of shea nuts, which are used in cosmetics and confectionery, plunged in Nigeria after the government joined other West African countries in banning exports.
The nuts sold for 800,000 naira ($521) a ton at the close of trade on Thursday, down 33% from a few days earlier, according to Rildwan Bello, chief executive officer of Lagos-based Vestance, a consultancy that tracks agricultural commodity prices.
Advertisements
