CPPE: Shea Nut Prices Crash 30% After Export Ban

The Centre for the Promotion of Private Enterprise (CPPE) has raised concerns over the sharp decline in shea nut prices following the federal government’s six-month export ban.

According to CPPE Director, Muda Yusuf, the price of shea nuts has dropped by more than 30 percent since the policy was introduced on August 26, 2025, leaving farmers, exporters, and other players in the value chain counting heavy losses.

While acknowledging that the government’s intention is to strengthen local processing and support industrialisation, CPPE argued that the sudden implementation has created severe disruptions. “The policy has hurt farmers, aggregators, exporters, and logistics providers. A phased approach with clear timelines would have allowed stakeholders to adjust operations more smoothly,” the organisation said in a statement.

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It further warned that the collapse in market prices is eroding rural incomes and putting existing export contracts at risk of default, exposing exporters to legal and reputational challenges.

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CPPE also called on policymakers to safeguard the interests of primary producers. “Farmers must be able to capture fair market value for their produce. Policies should not indirectly force them to subsidise processors,” the statement added.