Inside each pod is a white pulp that contains around 20 to 50 seeds, or cocoa beans. The seeds are extracted and processed into myriad products. These trees have a fairly slow growth rate, and it can take around five years before they produce seed pods. The best time to plant is in the spring or fall.
Where can I sell cocoa in Nigeria?
The list of cocoa bean exporters of bulk and wholesale cocoa beans from Nigeria include:
- Agro traders Ltd.
- Crystal Green Ltd.
- Gbemtan Investment Ltd.
- Olatunde International Ltd.
- Agebelere Cocoa Farm.
- Okon & Sons Integrated Services Ltd.
- Ose Global Bizness Links Nig. Ltd.
- Terry Cocoa Merchant.
How do I start a cocoa farm?
Cocoa is raised from seed. Seeds will germinate and produce good plants when taken from pods not more than 15 days underripe. Cutting – Tree cuttings are taken with between two and five leaves and one or two buds. The leaves are cut in half and the cutting placed in a pot under polyethylene until roots begin to grow.
What is the current price of cocoa in Nigeria?
1 Tonne of cocoa at Idanre, Ondo State: ₦680,000 – ₦710,000. 1 Tonne of cocoa at Ore, Ondo State: ₦675,000 – ₦700,000. 1 Tonne of cocoa at Ife Central, Osun State: ₦680,000 – ₦700,000. 1 Tonne of cocoa at Akoko Edo, Edo State: ₦670,000 – ₦690,000.
Is cocoa business profitable in Nigeria?
Cocoa production is one of the oldest agricultural businesses in the world. It’s a profitable business with the potential to generate income in different ways. More so, it was one of the main foreign exchange products in the Nigerian economy before the oil boom.
How many years does it take cocoa to produce?
After cocoa seeds are planted, it usually takes between three and five years to yield the first crop. Cocoa Hybrid varieties however can yield crops within two and three years. Most countries have two periods of peak production per year: A main harvest, and a smaller harvest.
How much is cocoa now in Nigeria?
Prices of Cocoa in Nigeria Today As it stands, a tonne of cocoa sells for anything between N700, 000 – N750, 000 depending on the location of purchase.