Cocoa – InfoStride News

Cocoa Price Rises to N15 Million per Tonne – CRIN

Temitope Nlewemchi — Sat, 07 Dec 2024 23:21:46 +0000

The price of cocoa has reached a significant milestone, increasing to N15 million per tonne, according to the Cocoa Research Institute of Nigeria (CRIN). This development marks a substantial rise in the value of the commodity, which has implications for both local farmers and the national economy. Factors Contributing to the Price Increase CRIN attributed [...]

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Ghana’s cocoa marketing board records $150 million profit in 2022/2023 planting season

Temitope Nlewemchi — Wed, 17 Jul 2024 15:14:33 +0000

Ghana’s cocoa marketing board, COCOBOD has recorded a profit of 2.3 billion Ghana cedis ($150 million) in the 2022/2023 planting season. According to reports from the Ghanaian auditor general, the profit posted in the planting season marks the end of a six-year losing streak. The profit was occasioned by the restructuring of cocoa bills worth [...]

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Court Bars Cross River State Govt from Evicting Cocoa Plot Allottees

Ifeanyi Nwagboso — Fri, 28 Jun 2024 12:00:57 +0000

The Cross River State Government has been ordered not to evict the 1,415 allottees from the government-owned cocoa estate. A State High Court sitting in Effraya, presided over by Justice Ebri Eno, issued the ruling on Friday in a suit numbered HE/16/2024, involving Mr. Charles Mgbe and other allottees. The court granted an order of [...]

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Nigeria’s Cocoa Dominance Wavers: Prices Approach 52-Week Peak

Temitope Nlewemchi — Wed, 27 Dec 2023 22:52:12 +0000

Cocoa prices have exhibited resilience this year amid concerns about the cocoa supply, particularly in Nigeria, where cocoa output has been dwindling. As of the latest update, LIFFE Cocoa futures traded at GBP 3,557 per ton in London, reflecting a year-to-date increase of 72.4%. This value is not far from the 52-week high of GBP [...]

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FG to re-establish cocoa board, improve farmers’ earnings

Temitope Nlewemchi — Sat, 06 Aug 2022 17:05:13 +0000

The Federal Government yesterday inaugurated the National Cocoa Management Committee (NCMC) to see to the re-establishment of the Nigeria Cocoa Board and also ensure Cocoa farmers benefit from the Living Income Differential (LID) of $400 per tonne to improve their living standards. Cocoa exporters in Ghana and Cote d’Ivoire have been enjoying the LID introduced [...]

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Osun State Now Process 20,000 Tonnes Of Cocoa Daily

David Folami — Thu, 29 Jun 2017 06:41:28 +0000

In a move that looks like the revival of the pre-colonial cocoa wonder in the south-Western part of the country, the newly revivified Osun State Cocoa Processing Factory has achieved a daily 20,000 tonnes of cocoa processing. The company which was established in 1982, stopped production in 2001 as a result of obsolete equipment and [...]

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