Which state is the largest producer of cocoa in Nigeria?
Ondo State
Ondo State is the largest cocoa producing state in Nigeria producing about 25% of total national production (Afolayan 2020 Atlantic Ocean in the South.
Which part of Nigeria is cocoa produced?
The major states that produce cocoa are Ondo, Cross River, Ogun, Akwa Ibom, Ekiti, Delta, Osun and Oyo.
Which country is the highest cocoa producer in Africa?
Cote d’Ivoire
Leading the way in the global cocoa production is the West African country Cote d’Ivoire, also known as Ivory Coast. Cote d’Ivoire has always been rated among the top cocoa producing countries and largest cocoa exporters in the world.
What is the current price of cocoa in Nigeria?
The current cocoa price in Nigeria is 309 Naira per kilogram of cocoa beans.
Who is the largest exporter of cocoa?
In 2019, Ivory Coast was the world’s leading cocoa bean exporter, based on export value. That year, the Ivory Coast exported about 3.57 billion U.S. dollars worth of cocoa beans worldwide….Leading cocoa bean exporters worldwide in 2019 (in million U.S. dollars)
| Characteristic | Export value in million U.S. dollars |
|---|---|
| – | – |
How many cocoa farmers are in Nigeria?
300,000
The Nigerian cocoa sector is dominated by smallholder farmers numbering at 300,000 – 350,000 with some commercial plantations.
In what regions in Nigeria does cocoa plant grow well?
The groups are: high producer states (Ondo, Cross River and Osun); medium producer states (Edo, Ogun, Oyo, Ekiti, Abia, Delta and Akwa-Ibom) as well as low producer states (Kwara, Kogi, Taraba and Adamawa).
Does Nigeria export cocoa?
Exports In 2020, Nigeria exported $489M in Cocoa Beans, making it the 5th largest exporter of Cocoa Beans in the world.
Which Africa country is very famous for chocolate?
Ivory Coast (Côte d’Ivoire) leads the world in production and export of the cocoa beans used in the manufacture of chocolate, as of 2012, supplying 38% of cocoa produced in the world.
How do I start a cocoa business in Nigeria?
How to Start Cocoa Business in Nigeria
- Financial Planning. If you want to engage in cocoa cultivation, you must first work out the different costs.
- The Type of Cocoa Variety to Invest in.
- Planting.
- After cultivation-Care is Very Important.
- Fertilization and Manure.
- Pruning.
- Irrigation.
- Top Working Your Cocoa Plantation.
Which country has the best cacao?
Ecuador
Ecuador. Ecuador is home to some of the best cacao beans in the world. Only approximately 5% of cacao in the world is labeled as “Fine Aroma,” and Ecuador produces nearly 63% of it.
Who buys cocoa from Nigeria?
The fastest growing export markets for Cocoa Beans of Nigeria between 2019 and 2020 were Canada ($15.3M), Ghana ($10.4M), and Bulgaria ($9.06M). Imports In 2020, Nigeria imported $9.13k in Cocoa Beans, becoming the 94th largest importer of Cocoa Beans in the world.
How profitable is cocoa farming in Nigeria?
Cocoa farming in Nigeria is one of the most profitable businesses for entrepreneurs looking to invest in agriculture in Nigeria. It provides a large harvest without demanding too much effort or much-mechanized equipment and has a very wide global market on standby to purchase.
What the most expensive cocoa bean?
Criollo beans are often mixed with other varieties of cacao when making chocolate because it contains intense aroma, mean while it is the most expensive cocoa beans.
Who is the biggest producer of cocoa?
Ivory Coast
Ivory Coast is the largest cocoa producer of the world with more than 2 million tons every year. Cocoa represents 40% of the exports revenues of the country, which is phenomenal. This dependence can endanger the country if the price of cocoa falls, like in 2021, putting million of farmers in trouble.