cocoa
9 Dec
The Starlink Global and Ideal Limited has promised to invest N7b in cocoa and cashew production in five years, and also open its processing factory in 2025.
27 Jul
The Cocoa Farmers Association of Nigeria (CFAN) has written an open letter to the European Union (EU) Commission requesting an extension of the European Union Deforestation Regulation (EUDR) implementation. The European market, which takes up about 70% of cocoa exports from Nigeria as major buyers, has set up regulations prohibiting cocoa harvested from deforested areas…
31 May 2024
Nigeria generated N356.16b worth of Cocoa beans and its allied products in 2023. It also accounted for 28.72 per cent of total agricultural exports (N1.24tr) in 2023 and 5.6 per cent of non-oil exports, which makes it the highest agricultural contributor to the Gross Domestic Product (GDP).
7 May 2024
Amid dwindling public revenue, the Incorporated Society of Planters (ISP) has said Nigeria’s cocoa and oil palm production can contribute significantly to the nation’s Gross domestic product (GDP) if potential of the industry are properly harnessed.
16 Apr 2024
Amid staggering revelation that Nigeria is losing over $2 billion yearly to the under-explored value chain opportunities within global cocoa industry, the farmers are currently smiling to the bank as price of the commodity has appreciated significantly at the international market.
7 Apr 2024
WACOT Limited, a member of the Tropical General Investments (TGI) Group and Cocoasource, a Swiss commodity trading company, have entered into a strategic alliance to supply Rainforest Alliance Certified Cocoa to global bean processing companies and chocolate makers.
20 Mar 2024
Less than a year into his first term, Governor Bassey Otu, is firmly but confidently steering the ship of Cross River State steadily to the coast of economic reawakening as could be gleaned from his recent inauguration of a multi-stakeholders committee to explore ways and means of bolstering palm oil, cocoa and coffee value chain in the state.
17 Mar 2024
Nigeria is capable of achieving the vision of doubling its premium cocoa beans and overtakes Ivory Coast and Ghana before 2026 if the smallholder farmers can be supported by cocoa producing state governments to irrigate farms all-year-round across the country.
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