Post by Trade facilitator on Apr 13, 2012 18:26:49 GMT 1
The Executive Director, Conservation Alliance (CA), Ghana, Yaw Osei-Owusu, has predicted that in the next 10 years, Nigeria would be the largest producer of cocoa in the world, with the right incentives in place.
Osei-Owusu, an Agric expert made this revelation in Abuja at a one-day workshop on ‘Greening the Cocoa Industry’, organised by Global Environment Facility (GEF) and Rainforest Alliance.
According to Owusu, Cocoa for five consecutive years, has led the pack of non-oil exports in Nigeria, according to figures released by the Nigerian Export Promotion Council (NEPC).
This is coming at a time when analysts predict that the non-oil sector will drive Nigeria’s economic growth in 2012, with GDP expected to grow at 8.1 per cent.
According to NEPC, cocoa products yield was about $215.2 million in 2006 as against $229.6 million for sheep goat skin and leather. Sesame seeds and oil recorded $32.3 million, rubber $62.7 million, plastics $17.6 million, Cotton/yams/fabrics &49.9 million.
In 2007, cocoa accounted for $312.6 million as against $300.5 million for sheep, goat skin and leather; $71.6 million for sesame seeds and oil; $79.7 million for rubber; $73.1 million for plastics; $45.5 million for cotton, yams and fabrics;$47 million for aluminium and article; $75.9 million for cashew nuts and edible fruits; $36.1 million for Gum Arabic; and $46.7 million for pawns, fish and crustaceans.
The figures for 2008 have cocoa recording $487.8 million as against $333.6 million for sheep, goat skin and leather; $105.2 million for sesame seeds and oil;$129 million for rubber; $100.6 million for plastics; $60.7 million for cotton, yams and fabrics; $64 million for aluminium and article; $55.4 million for cashew nuts and edible fruits; $37.1 million for Gum Arabic; and $47.9 million for prawns, fish and crustaceans.
And in 2009, the trend continued with cocoa recording $662..2 million while sheep, goat skin, and leather accounted fro $289.4 million; sesame seeds and oil $115.2 million; rubber $62.5 million. In 2010 cocoa accounted for $822.8 as against $188.8 million for sesame seeds and oil. In fact cocoa led with $533.3 million in the first half of 2011.
Nigeria is currently the fourth largest producer of cocoa in the world producing 7 per cent of world output of 4.025 million metric tonnes, coming after Cote D’ Ivoire, Ghana, and Indonesia which produce 36 per cent, 19 per cent and 14 per cent respectively.
West Africa, which supplies approximately 70 per cent of global output, is easily the most important cocoa production region in the world in terms of economics. The most important individual countries are the Ivory Coast, Ghana, Nigeria and Cameroon. Among non-African countries producing significant amounts of cocoa are Indonesia, Brazil, Ecuador, the Dominican Republic and Malaysia.
Backing his declaration, he noted that once the right motion is set and fully put in place, the sky would be the limit of the country in cocoa production.
He gave the incentives as training and re-training of farmers, provision of incentive to boost production, support from both private and public, getting the right policies from the government, as well as the provision of land and encourage more people to go into cocoa farming.
Source: www.businessdayonline.com/NG/index.php/markets/companies-and-market/35868-nigeria-to-become-largest-producer-of-cocoa-in-10-years-
Osei-Owusu, an Agric expert made this revelation in Abuja at a one-day workshop on ‘Greening the Cocoa Industry’, organised by Global Environment Facility (GEF) and Rainforest Alliance.
According to Owusu, Cocoa for five consecutive years, has led the pack of non-oil exports in Nigeria, according to figures released by the Nigerian Export Promotion Council (NEPC).
This is coming at a time when analysts predict that the non-oil sector will drive Nigeria’s economic growth in 2012, with GDP expected to grow at 8.1 per cent.
According to NEPC, cocoa products yield was about $215.2 million in 2006 as against $229.6 million for sheep goat skin and leather. Sesame seeds and oil recorded $32.3 million, rubber $62.7 million, plastics $17.6 million, Cotton/yams/fabrics &49.9 million.
In 2007, cocoa accounted for $312.6 million as against $300.5 million for sheep, goat skin and leather; $71.6 million for sesame seeds and oil; $79.7 million for rubber; $73.1 million for plastics; $45.5 million for cotton, yams and fabrics;$47 million for aluminium and article; $75.9 million for cashew nuts and edible fruits; $36.1 million for Gum Arabic; and $46.7 million for pawns, fish and crustaceans.
The figures for 2008 have cocoa recording $487.8 million as against $333.6 million for sheep, goat skin and leather; $105.2 million for sesame seeds and oil;$129 million for rubber; $100.6 million for plastics; $60.7 million for cotton, yams and fabrics; $64 million for aluminium and article; $55.4 million for cashew nuts and edible fruits; $37.1 million for Gum Arabic; and $47.9 million for prawns, fish and crustaceans.
And in 2009, the trend continued with cocoa recording $662..2 million while sheep, goat skin, and leather accounted fro $289.4 million; sesame seeds and oil $115.2 million; rubber $62.5 million. In 2010 cocoa accounted for $822.8 as against $188.8 million for sesame seeds and oil. In fact cocoa led with $533.3 million in the first half of 2011.
Nigeria is currently the fourth largest producer of cocoa in the world producing 7 per cent of world output of 4.025 million metric tonnes, coming after Cote D’ Ivoire, Ghana, and Indonesia which produce 36 per cent, 19 per cent and 14 per cent respectively.
West Africa, which supplies approximately 70 per cent of global output, is easily the most important cocoa production region in the world in terms of economics. The most important individual countries are the Ivory Coast, Ghana, Nigeria and Cameroon. Among non-African countries producing significant amounts of cocoa are Indonesia, Brazil, Ecuador, the Dominican Republic and Malaysia.
Backing his declaration, he noted that once the right motion is set and fully put in place, the sky would be the limit of the country in cocoa production.
He gave the incentives as training and re-training of farmers, provision of incentive to boost production, support from both private and public, getting the right policies from the government, as well as the provision of land and encourage more people to go into cocoa farming.
Source: www.businessdayonline.com/NG/index.php/markets/companies-and-market/35868-nigeria-to-become-largest-producer-of-cocoa-in-10-years-
