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Africa has a strong advantage in the cocoa business Read also In the year 2005 alone, export revenue from the sales of cocoa amounted to US $ 136.7 Million with Netherland, UK, France, Germany, Spain, Italy, USA and Japan being the major export destination. Cocoa Farming and Processing Business Plan in Nigeria. Joint venture agreement Approval from all appropriate professional bodies. The global business of cocoa . Tuesday, 1 March 2016 Cocoa production in Nigeria Cocoa plant Cocoa ( Theobroma cacao) is a tropical crop that originated from Amazon basin where it was introduced to other countries. Ivory Coast. 10,000. Cocoa became a native of Nigeria in the 19th century and West African countries were producing about 70% of the world total production with Cotedvoire 38%, Ghana 21%, Nigeria 5% and Cameroon. We are located at the center of Ibadan on the cocoa house building, Dugbe, Ibadan - The city is one of the largest centers for fashion fabrics market in Nigeria. Actually, the demand for processed cocoa is growing globally. . Ondo state is where cocoa is largely produced in Nigeria with about 77,000 tonnes annually. ITAMOGIRI. Before Nigeria first discovered oil in 1956, cocoa production used to be the economic mainstay of the country. This is majorly due to the type of climate and soil obtainable in this region, which is favourable to grow the crop. Cocoa serves as Nigeria's principal non-oil foreign exchange earner, up to 95% of its cocoa beans are traded on global commodity markets. More so, it was one of the main foreign exchange products in the Nigerian economy before the oil boom. But one thing special about cocoa farming business in Africa is that the potentials in this sector is massively under utilized. FTN Cocoa led the gainers' list with a 7.14 percent rise in share price, moving from N0.28kobo to N0.32kobo per share. 61-65 Egbe- Isolo Road, Iyana Ejigbo Shopping Arcade, Block C, Suite 39, Iyana Ejigbo Bus Stop, Ejigbo, Lagos. It's a profitable business with the potential to generate income in different ways. Cocoa makes up only 2% of Nigeria's exports, but it remains the third largest export product from Nigeria, behind Crude oil and petroleum gas. 2017 saw an increase in the quantity of cocoa exported from Nigeria, rising from about 250,000 tonnes exported in 2016 to more than 300,000 tonnes in 2017. Quick & Simple. AC showroom business 17. Business of computer selling TEMPLE GOLDERS RD, Ijebu Imushin . You can start your own exportation business if you register with the Export Promotion Council of Nigeria and decide on the specific product you would want to export. Cocoa business is awaiting you at makinde cocoa establishment where thousands of tonnes a produce per year you can be a bulk buyer, partner, makinde cocoa establishment is the best around the south-south origin in Nigeria, we produce the best and a well-trained employee in agricultural science. Also, the cocoa beans account for almost 90% of the 804 million USD of Nigerian cocoa exports. In 2019, 200,000 metric tonnes of cocoa was produced, valued at $740 million. As it stands, a tonne of cocoa sells for anything between N700, 000 - N750, 000 depending on the location of purchase. Founder of H&C Leo Burnett. Located in West Africa, Ivory Coast is the largest cocoa producer globally, producing about 2.2 million metric tons of cocoa beans annually. Ile Oluji Nigeria Limited, Nigeria's oldest cocoa processing firm has only processed 2,000 metric tons of Cocoa since the beginning of the year, which is by far below its 30,000 metric tons installed capacity. Make a Mobile Transfer or POS Payment of 10,000 to any of the Account Below. Ondo state is the largest producer of cocoa in Nigeria. Cocoa Exporters in Nigeria The list of cocoa exporters in Nigeria include: FTN Cocoa Processors Plc Ideal Risku Global Limited Saro Agro-Allied Tosmega Cocoa Nigeria Limited Akeen and Kamoru Nigeria Ltd Berveek Limited Cocoa Products (Ile Oluji) Ltd Remedy Crown Investment Shinwillcrown Cocoa Producing Company Within the last 10 years, Nigeria has remained among the top 5 producers of cocoa. The production is projected to grow by 4% per annum in coming years. The states are: FEGEOSTOM Cocoa is a budding business that is involved in Production, sales and distribution of nutritious, disease-free cocoa beans, processed into cocoa liquor, cocoa butter and cocoa powder targeting consumers throughout Nigeria. They are located in every cocoa producing area in Nigeria, giving a niche among other competitors. Cocoa is one of the major cash crops grown in Nigeria and most Nigerians born in the 70s and 80s would appreciate the value of this and other cash crops to the economy. To order the business plan, pay N50, 000 to: BANK NAME: GUARANTY TRUST BANK (GTB) ACCOUNT NAME: CHIBUZOR TOCHI ONYEMENAM ACCOUNT NUMBER: 0044056891 OR BANK NAME: FIRST BANK PLC ACCOUNT NAME: CHIBUZOR TOCHI ONYEMENAM ACCOUNT NUMBER: 3066880122 The current average yearly income for a Nigerian is $1,000 to $2,000. According to the report, Nigeria produced . Nigeria's agricultural export surged by 57.02% to N504.9 billion in 2021 and produced approximately 290 thousand tons of cocoa beans during the 2020/2021. 2. In addition to this, people will have a . Weight loss business 16. A clear winner emerges in Nigeria's chocolate beverage battle for market share. Contact Us. Nigeria is significant to Olam and we feature prominently in the local economy. The state records an output capacity estimated at 77,000 tons per annum. Producers of cocoa paste 2.2.3. Among them: "Nobel or Cannes . According to statistics, Nigeria is the fourth largest global producer of cocoa, just behind . At the height/peak of production, Nigeria was producing over 345,000 tons of Cocoa. Cocoa is the name given to the seeds of the cocoa tree and the powder produced from these. The livelihoods and . Recently, Business Day reported how the global financial crisis has slashed cocoa grinding in Nigeria, and there have barely been any exports to Europe in the last two months. Producers of cacao beans 2.2.2. Cocoa production will help to contribute to Nigeria's GDP and move the country from its dependency on the oil industry. Press release. Business Center in ITAMOGIRI. In fact, you can sell all off in less than one month. See Also: How To Start A Football Viewing Center In Nigeria 1.Research. Today the country is lagging behind Ivory Coast and Ghana in cocoa production. (+234)-1-29 52 413 admin@businessplansinnigeria.ng +234 803 3782 777 ONDO STATE. This was disclosed by the Minister of Agriculture and Rural Development, Dr. Akin Adesinaa, at the 23rd . Although many people prefer seedlings because it grow faster. Insights from historical trends, from 1807 when the crop was introduced until the millennium era, indicated myriads of challenges threatening cocoa commercialisation. The global cocoa and chocolate market size, according to market insights, was valued at $44.35 billion in 2019 and is expected to reach $61.34 billion by 2027, considering the progressive growth of the global chocolate confectionery industry. Vmorviab Company Limited Info Email Phone Abuja 8 Abeokuta Street Area 8 Garki Abuja. This timeline shows the production of cocoa beans in Nigeria from 2012/2013 to 2020/2021 and provides a forecast for 2021/2022. Cocoa production is one of the oldest agricultural businesses in the world. Steps in Establishing Cocoa Plantation. Written by: Kehinde Adesina Thomas Cocoa remains a relevant cash crop in Nigeria and is produced largely by small-scale farmers dominant in the country's southwest region. As the cost of cocoa goes up, the average income for a Nigerian tends to go down. - Nixon W. 11 months ago Tulip cocoa processing I s a very good and neat company- Oluwaseun I. Export and import of cacao beans: volume, structure, dynamics 3.2. 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. UNICEF Thailand/2016/Thuentap. Cocoa beans are a very rich . Cocoa beans are also called cocoa or cocoa. We are located at Ogbomosho in Osun State Nigeria. Tales from Idanre, Ondo State, the town regarded as the epicentre of cocoa cultivation in Nigeria, depict the retrogression that is the fate of the cocoa industry in Nigeria . However, this took a dive as the agricultural sector was ignored. Cocoa is a perennial crop that is grown in southern Nigeria. Mar 23, 2022. In Ore, Ondo State, a ton of cocoa is worth between N750,000 and N750,000. Agro-Business in Nigeria. The cocoa industry in Nigeria is repositioning to compete favourably in the world market. We are the fourth largest producer, covering 6.5% share of global production. Get directions. The cocoa tree is an evergreen tree with the biological name "Theobroma cacao" (food of the gods . We are, with over 700 million USD, also the fourth largest exporter of cocoa beans worldwide. From bean to bar, the cocoa supply chain is a bittersweet one. Ivory Coast and Indonesia are the world's biggest cocoa producers, follow by Nigeria, while Ghana is in distant forth position. This means that a harvest of 1,000 bags of cocoa will give you an estimated $200,000 (N35,000,000) cash. Cocoa tree produces pods which contain about 40 seeds or beans inside sweet tasting pulp. 1. We manufacture and distribute packaged food products to African markets, addressing localised nutrition needs by offering affordable and fortified products. First Thing To Do In Cocoa Business The first thing to do, as what should be done when trying to begin a business is to make research on the major things that are concerned with cocoa exportation. The Business Plan will be Sent to You in Just 2 Steps. COCOA BUSINESS IN NIGERIA - Another Means of Diversification Watch KAFTAN TV News on Startimes Channel 480 DTH, 124 DTT .Visit | www.kaftan.tv also click on. International Breweries gained N0.25kobo to move from N4.50kobo to N4 . The cocoa export business in Nigeria is one of the highest-paying business sectors in the country. Below is a breakdown of the prices of cocoa per tonne in different cocoa-producing areas in Nigeria. Because cocoa production in Nigeria has reduced drastically and there is need for more participation in the production of cocoa in the country. 1 ton of cocoa at Ore, Ondo State == N725,000 - N750,000. And if you live in a cocoa-producing area, you can consider initiating a cocoa farming business. Cocoa (Theobroma cacao) is a major cash crop in the world, but the question is, how many Nigerians are ready to invest in cocoa business? At Idanre, Ondo State, a ton of cocoa is for N740,000 - N765,000. Producers of cocoa butter 2.2.4. The $130B chocolate industry relies on . Ivory Coast overtook Ghana as the world's leading producer of cocoa beans in 1978, and today is highly dependent on the crop . Not only does Nigeria have approximately 84 million hectares of arable land, fertile soil, excellent climate for growing crops and low labour cost, but it also has the advantage that 70% of its population works in the agricultural sector. Cocoa farming in Nigeria is one of the most profitable businesses for entrepreneurs looking to invest in agriculture in Nigeria. Nigeria. Cue Export Limited Based on how much cocoa comes from West Africa, it's likely that most of the chocolates we eat have a little bit of Cote d'Ivoire and Ghana in them. A metric ton is 2750 kilograms and there are 30,000 grams in one kilogram. 28th December 2017. Cocoa producing states in Nigeria include Oyo, Osun, Ondo, Ogun, Kwara and Ekiti States. Here are the Top 10 Tips On How To Start Cocoa Exportation Business in Nigeria 1. If you are in Nigeria, you can buy the product from some states in Nigeria like Ondo state. The beans are processed mainly into chocolate. Powered by Google A talented speaker with several international conferences to the communication Industry. Account No. Cocoa Plantation Business Plan In Nigeria - At Battelle for Kids, we offer a number of resources to help deliver a 21st century education. Business models have to ensure that all actors, especially farmers, earn a fair price to support their own family, and the consumption of their household. Adex Cocoa Managment Co.,ltd Info Email Phone Ibadan 2.osho Street Opebi Ikeja Lagos Agricultural Greenhouses Agriculture Butask Foods Info Email Phone Plot 1/9 Behind Cocoa House Dugbe Ibadan Oyo State Other Fertilizer Balers Other Cooking Oil Farm Machinery Fertilizer Abstract and Figures This study examines the global value chain analysis of cocoa and garment value chain in Nigeria in order to guide business practitioners and policy makers on how to improve the. 3. Farid Chehab. There are many advantages of beginning a cocoa production business in Nigeria. South West Nigeria is regarded as the cocoa belt of the country, accounting for 70 per cent of Nigeria . The current market price of cocoa is 750,000 Nigerian naira per metric ton. A fall in exports of over US$100 million in the cocoa sector in Nigeria is predicted as a result of declining prices due to falling demand in Europe," the council reported. There is a high prospect for cocoa business to thrive in the country. The requirements for obtaining a business permit in Nigeria include the following: The certificate of incorporation of the applicant's company Tax Clearance Certificate Memorandum and Articles of Association CAC Forms CO2 and CO7 The shareholding of the company. The first thing you need to know when you want to start the cocoa export business is to identify where you can get the product from. FTN Cocoa Processors PLC, a company listed on the Nigerian Stock Exchange with a 20,000MT processing capacity showed that it has only . NIGERIA'S FOREIGN TRADE IN CACAO BEANS AND COCOA 3.1. 6 months ago I work here. GET THE COMPLETE BUSINESS PLAN HERE!! 23409 Agricultural Greenhouses Agricultural Product Stock Sunflower Seeds Oil Seeds . We also prefer the location because it is relatively affordable to access fabric market, produce our design and distribute to other places in Nigeria. However, you will need to choose early-maturing, high-yielding, disease-resistant beans to help double your farm production in two years. The importance of Cocoa in Nigeria as a household cash crop and a key agricultural product in Nigeria - particularly the southwest, cannot be underestimated. In addition, They have an all-around yearly supply of high-quality cocoa in respective seasons or weather with an annual tonnage of 20,000 - 25,000 tons of cocoa, of which 15,000 - 17,000 tons is the main crop. To place an order for Cocoa Farming Business Plan in Nigeria PDF & Feasibility Study, pay N10,000 to GTBank (Guaranty Trust Bank) Account Name - Ogumka Innocent Account No - 0153723721 After you have made payment for your Cocoa Farming Business Plan in Nigeria & Feasibility Study, send your email and payment details to 07017130778. Currently, a ton of cocoa sells for anything between N700,000 and N750,000. The reason is because cocoa is a perennial crop that survive produce for many decades. What this means: Though not as significant as Cote d'Ivoire, Nigeria plays a leading role in the cocoa industry, covering 6.5% share of global production of cocoa. A number of studies have also alluded to Ondo State being the most prominent for cocoa production in Nigeria (Adegeye, 1996;Aikpokpodion, 2010;Ajayi et al., 2010;Afolayan and Ajibade, 2012 . Together, they account for about 60% of cocoa production and at least 30% of total cocoa exports to Nigeria. Ondo state is located within the rainforest agro-ecological zone, and this supports agricultural . Osun, Ondo and Cross River states are reported to contribute approximately 68% of Nigeria's yearly cocoa output which reached a high of 350,000 MT in 2014 when the Ministry of Trade and Industry also reported that Nigeria made $1.3 billion from cocoa export, according to Center for Public Policy Alternatives. A breakdown of pricing per ton in different cocoa-producing districts of Nigeria and is presented below. 1 ton of cocoa at Idanre, Ondo State == N740,000 - N760,000. I really need someone I can supply steadily. Others include Taraba, Kogi, Delta, Edo, Cross River Akwa Ibom, Adamawa, and Abia. Small business of ice cream 12. Business of packaged food 13. Business of tea stalls in Nigeria 14. Business of water bottling in Nigeria 15. Nigerian trade experts asserted that the country's cocoa exports have the potential to generate . Nigeria is a leading player in the global cocoa industry. Cocoa Production: Risks Involved. It is the fourth-largest producer, covering a 6.5% share of global production, with a 4% growth projection per annum in subsequent years. Get your Cocoa farming and processing business plan in Nigeria today. Nigeria has the capacity to process around 100,000 tonnes of cocoa per year, but most of its eight functional plants are operating at below 40 percent capacity due to . N55,000 X 500 = N27,500,000ROI = N27,500,000 - N3,500,000 After 18 months of cultivation, the gain was a staggering N24,000,000; which isn't bad at all especially since selling cocoa beans seed doesn't take much marketing. TEMPLE GOLDERS RD. Some of these are: Cocoa produce is the fastest selling agricultural produce in the world, and global demand still far exceeds supply. Other emerging markets include China and India. In Abia state . Some of the products in high demand abroad include cassava flakes, cocoa, yam flour, groundnut, chilli peppers, cashew nuts, mango, and many others. There are three most common cocoa specie available in the Nigerian market, they include; trinitario, forastero and criollo. . We offer good quality, inexpensive feed, and day-old-chicks to farmers, which also contributes to foods security. WhatsApp/Call: 0816 875 3199. I believe in seeing is believing so you are kindly welcome to come see what you want to buy. Peacecover Nig Limited Info Email Phone Road B Plot 165 Lekki Ii Lagos Nigeria 23401 Agricultural Greenhouses Cocoa Beans Chickpeas Charcoal Pineapples Apples Crude Oil. State-graded cocoa in Akwa Ibom located in the southeast region is trading at 1.1 million Nigerian naira ($2,376) a metric ton, up from NGN1.05 million a fortnight ago, said Bassey Ekikere, a. Lucrative Business Ideas in Nigeria Some other marvelous small business ideas in Nigeria for the year 2022 are as follows: 11. While the end product is something most of us enjoy, this also comes with a human cost. In Nigeria, cocoa is mostly grown in 5 southwestern states. Cocoa is a lucrative business not only in Nigeria, but also in many parts of Africa. . The chocolate ingredient fetched NGN1.22 million in Cross River state, the second-largest cocoa producer in Nigeria, up from NGN1.2 million last week, according to a cocoa merchant. Below are the top 5 cocoa-producing countries in Africa in 2021. Address. Kaduna, Bauchi, Gombe and Borno; and cassava and cocoa production is more in . Ijebu Imushin. The state is situated in the Western part of the country, which is the major cocoa producing region. It can grow with seven days of sowing. Report abuse. Let's take a look at three of them 1. Producers of cacao beans and cocoa in Nigeria, including contact details and product range 2.2.1. serious buyers only: usufenny88@gmail.com. Producers of cocoa powder 3. MEANWHILE, the Cocoa Association of Nigeria (CAN), a body of small-scale plantation owners, exporters, aggregators and processors, said its 10-year agenda for the cocoa industry included creating . There are a couple of reasons why the cocoa business remains an interesting opportunity for African entrepreneurs. Here are the 5 Steps to Start a Cocoa Farming Business Method of a cocoa plantation Cocoa can be planted either by vegetation or seedling (proliferation). Nigeria exports thousand tons of cocoa on a yearly basis, with an increase by 20% from 2016 to 2017. Cocoa is among one of the 100 most lucrative agricultural items that can be exported from Nigeria. : 0811003731. I have cocoa available in large quantities. Growing cocoa beans can be an important source of employment. Actually, the bakers, confectioners, and chocolate manufacturers are the major consumers of processed cocoa. The increase was triggered by the devaluation of the Naira in 2016 by the Nigerian government in a bid to wade off recession. Like I said above, cocoa is produced majorly in West Africa. A bag of Cocoa is sold for $200 (N70,000 in Nigeria). Cocoa used to be the major foreign earner in Nigeria. 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