Providing employment for a large section of the population, agriculture remains a major source of economic activity in Nigeria. Nigeria produced 242 000 tonnes of cocoa in 2008. The National Cocoa Development Committee (NCDC), made up of the 14 cocoa producing states in the country, has distributed new high yield cocoa seedlings to cocoa farmers, and continues to allow the purchase of chemicals and inputs at 50% subsidy.
Cocoa ( Theobroma cacao L. ) is a native of Amazon region of South America. The bulk of it is produced in the tropical areas of the African continent. There are over 20 species in the genus but the cocoa tree Theobroma cacao is the only one cultivated widely.
Cocoa is the second major non-oil foreign exchange earner in Nigeria after leather. It is produced in fourteen {14} states of the federation namely Ondo,Cross River, Oyo, Osun, Ekiti, Ogun, Edo, Kogi, Akwa Ibom, Delta, Abia, Kwara, Ebonyi and Rivers with an annual production rate of 400,000 metric tons {MT}
Over 98% of the product is exported and it’s provides means of livelihood and employment to over five million {5,000,000} people.
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. Other emerging markets include China and India.
Foraminifera Market Research through this feasibility report seeks to expose the investment opportunity in the local trading of cocoa beans seed to local industries.
Cocoa beans is one of those commodity that the price is regulated and because of the numerous uses of cocoa seed and the high demand for the processed seed, the demand for cocoa seeds far outstrips supply.
This gap and the fact that the ex-Lagos price is usually at 80 pounds less the international price gives an opportunity for interested investors to go into the production of the product or simply trade the commodity.
The return on investment on the trading of cocoa beans seed is estimated between 10%- 15%.
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At Foraminifera Market Research (www.foramfera.com), we provide bespoke and up to date market research reports. Our reports are designed to assist start-ups to understand the legal and financial requirements of starting the business, the market trends vis-a-vis demand and supply, competition, risk identification and mitigation strategies.
You can order our detailed feasibility report on cocoa supply to local industries in Nigeria by clicking on the link below.
COCOA BEANS TRADING AND EXPORT IN NIGERIA; THE FEASIBILITY REPORT.
COCOA BEANS SUPPLY TO LOCAL INDUSTRIES IN NIGERIA; THE FEASIBILITY REPORT.
RAW COCOA SEED PROCESSING (CONTRACT PROCESSING) AND EXPORT IN NIGERIA
PROCESSING RAW COCOA SEED AND EXPORT OF COCOA BYE – PRODUCTS IN NIGERIA {COCOA LIQUOR, COCOA BUTTER AND ALKALIZED COCOA POWDER PRODUCTION / EXPORT};THE FEASIBILITY REPORT.
GALLSTONE EXPORT IN NIGERIA; THE FEASIBILITY REPORT.
GUM ARABIC EXPORT IN NIGERIA; THE FEASIBILITY REPORT.
HARDWOOD CHARCOAL EXPORT IN NIGERIA; THE FEASIBILITY REPORT.
HIBISCUS FLOWER EXPORT IN NIGERIA; THE FEASIBILITY REPORT.
HOW TO MAKE HUGE PROFIT SUPPLYING COWPEA {BEANS} TO LOCAL INDUSTRIES IN NIGERIA.
COLUMBITE EXPORT IN NIGERIA; THE FEASIBILITY REPORT.
RAW CASHEW NUTS EXPORT IN NIGERIA
RAW CASHEW SUPPLY TO LOCAL INDUSTRY IN NIGERIA
GROUND NUTS EXPORT IN NIGERIA; THE FEASIBILITY REPORT.
DRY SPLIT GINGER EXPORT IN NIGERIA; THE FEASIBILITY REPORT.
Access our other Market Research Reports or investment opportunities in Nigeria by clicking on the link below
– MARKET RESEARCH REPORTS IN NIGERIA
– INVESTMENT OPPORTUNITIES IN NIGERIA
Do you require a business plan or feasibility report on the subject matter? Contact us with any of the details provided below to arrange a meeting
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