Post by Trade facilitator on Jan 21, 2021 15:45:43 GMT 1
Cocoa is a catalyst for sustainable food system that cut across the globe. "Food for the gods" that what cocoais commonly called in the international parlance and marketplace. Needless to say, the significance of agricultural export on Nigeria's economy is very important to the extent that various trade arrangements before the country's independence were formulated around export.
Nigeria is still the world's fourth largest producer of cocoa, after Ivory Coast, Indonesia, and Ghana and the third largest exporter, after Ivory coast and Ghana.
The commodity, Cocoa used to be the major source of foreign exchange earnings for Nigeria in the 1950, and 1950. Favourable rainfall, sunshine and humidity is required for the sustainable production of cocoa.
States like Osun, Delta, Ogun, Ondo, Ekiti, Oyo, Oyo, Cross Rivers, and Akwa Ibom States are the major producing States in Nigeria, because of their favourable climatic and soil conditions. While Kwara, Kogi, Anambra and Abia also produce the product in small quantities.
Huge financial gains can be derived from exportation of cocoa. We also know that exportable crops are regarded as cash crops. While others are called food crops. Demand for cocoa continue to be on the increase in the global market.
Cocoa as agricultural commodity used to be the most important non-oil export in Nigeria and second highest source of foreign exchange after crude petroleum. It provides lots of employment and source of livelihood for Nigerians.
Less than ten percent of the commodity produced are being utilized in the country, while the remaining is traditionally for export.
Nigeria is a leading player in the global cocoa industry. The production is projected to grow by 4% per annum in coming years. Our climate supports production and supply of cocoa beans from October to June.
Nigerian cocoa market is dominated by smallholder farmers numbering more than 300,000 – 350,000 with some commercial plantations. The average cultivated area is 1,400,000 hectares. The local processing industry is growing fast.
Cocoa beans account for almost 90% of the 804 million USD of Nigerian cocoa exports. Cocoa butter and cocoa paste are also exported significantly.
The Thy Global Investment Limited also provide a platform for prospective exporters to source for information on reliable foreign buyers of cocoa.
Where location of products is important to a buyer, information on geographical locations of products in states/regions in Nigeria is available with us. Want to know more about our support? Contact us!
We foster collaboration for growth in the export industry.
Nigeria is still the world's fourth largest producer of cocoa, after Ivory Coast, Indonesia, and Ghana and the third largest exporter, after Ivory coast and Ghana.
The commodity, Cocoa used to be the major source of foreign exchange earnings for Nigeria in the 1950, and 1950. Favourable rainfall, sunshine and humidity is required for the sustainable production of cocoa.
States like Osun, Delta, Ogun, Ondo, Ekiti, Oyo, Oyo, Cross Rivers, and Akwa Ibom States are the major producing States in Nigeria, because of their favourable climatic and soil conditions. While Kwara, Kogi, Anambra and Abia also produce the product in small quantities.
Huge financial gains can be derived from exportation of cocoa. We also know that exportable crops are regarded as cash crops. While others are called food crops. Demand for cocoa continue to be on the increase in the global market.
Cocoa as agricultural commodity used to be the most important non-oil export in Nigeria and second highest source of foreign exchange after crude petroleum. It provides lots of employment and source of livelihood for Nigerians.
Less than ten percent of the commodity produced are being utilized in the country, while the remaining is traditionally for export.
Nigeria is a leading player in the global cocoa industry. The production is projected to grow by 4% per annum in coming years. Our climate supports production and supply of cocoa beans from October to June.
Nigerian cocoa market is dominated by smallholder farmers numbering more than 300,000 – 350,000 with some commercial plantations. The average cultivated area is 1,400,000 hectares. The local processing industry is growing fast.
Cocoa beans account for almost 90% of the 804 million USD of Nigerian cocoa exports. Cocoa butter and cocoa paste are also exported significantly.
The Thy Global Investment Limited also provide a platform for prospective exporters to source for information on reliable foreign buyers of cocoa.
Where location of products is important to a buyer, information on geographical locations of products in states/regions in Nigeria is available with us. Want to know more about our support? Contact us!
We foster collaboration for growth in the export industry.
