• Latest
  • Trending
  • All
  • LATEST NEWS
  • SPONSORED POSTS
  • BANKING
  • Cryptocurrency
  • Job Past Questions
  • PRICE WATCH
  • VIEW POINT
  • ECONOMY
  • Careers
  • Press Release
  • Breaking News
  • education news
  • Personal Finance
  • Networth
farming

Cocoa Prices in Nigeria (latest 2020 price)

August 12, 2020
A Comprehensive Guide to the European Union Blue Card

Unlocking Opportunities: A Comprehensive Guide to the European Union Blue Card

August 31, 2024
Naira Redesign Policy Causes Banks' Deposits with CBN to Plummet by 95.82%

Currency in Circulation hits all-time-high Fueling Inflationary Pressures

August 29, 2024
Ecobank Nigeria Launches Oja Oge Pop up Marketplace to Empower SMEs

Ecobank Nigeria Launches Oja Oge Pop-up Marketplace to Empower SMEs

August 28, 2024
inflation Push Over 31 Million Nigerians into Acute Food Shortage

Insecurity and Economic Woes Push Millions of Nigerians into Acute Food Crisis

August 28, 2024
NAFDAC Cracks Down on Use of Unapproved Saccharine in Bread Production

NAFDAC Cracks Down on Use of Unapproved Saccharine in Bread Production

August 27, 2024
Food Prices in Nigeria Soar in July 2024

Food Prices in Nigeria Soar in July 2024: Beans, Eggs, and Yam Lead the Surge

August 27, 2024
Fed Rate Cuts Could Offer Respite for Nigeria’s Naira and Economy

Fed Rate Cuts Could Offer Respite for Nigeria’s Naira and Economy

August 27, 2024
Nigeria's Manufacturing Sector Struggles in Q2 2024

Nigeria’s Manufacturing Sector Struggles in Q2 2024: Growth Slows Amid Economic Challenges

August 27, 2024
Nigeria's Agricultural Sector Shows Modest Growth in Q2 2024

Nigeria’s Agricultural Sector Shows Modest Growth in Q2 2024: Crop Production Remains Key Driver

August 27, 2024
Nigeria's Economy Grows by 3.19% in Q2 2024

Nigeria’s Economy Grows by 3.19% in Q2 2024: Services and Industry Lead the Charge

August 27, 2024
States Share $71 Billion in Seven Years, But Poverty Persists

States Share $71 Billion in Seven Years, But Poverty Persists: What’s Going Wrong in Nigeria?

August 26, 2024
Interest Rate Hikes, Inflation Squeeze Profit Margins for Nigerian Paint Manufacturers

Interest Rate Hikes, Inflation Squeeze Profit Margins for Nigerian Paint Manufacturers

August 26, 2024
  • About
  • Privacy Policy
  • Terms of Use
  • Feedback
  • Advertise
Sunday, July 20, 2025
  • Login
Financial Watch
  • HOME
  • Banking
  • ECONOMY
  • VIEW POINT
  • PRICE WATCH
  • CRYPTO WATCH
No Result
View All Result
  • HOME
  • Banking
  • ECONOMY
  • VIEW POINT
  • PRICE WATCH
  • CRYPTO WATCH
No Result
View All Result
Financial Watch
No Result
View All Result
Home PRICE WATCH

Cocoa Prices in Nigeria (latest 2020 price)

by Sam Gabriel
August 12, 2020
in PRICE WATCH
0
farming

farming

491
SHARES
1.4k
VIEWS
Share on FacebookShare on Twitter

Cocoa Prices in Nigeria (latest 2020 price) – When it comes to the agricultural products with the biggest market in and outside Nigeria, be sure to mention among the top options on the list. While this agricultural product has significantly lost its international market value since oil was discovered in Nigeria, it remains one of the biggest rated export commodities in Nigeria and does not look like losing that mark anytime soon.

Cocoa remains one of the most marketable agricultural products in Nigeria today. Despite the fact that the nation now faces stiff completion when it comes to the exportation of the product, with some other African countries now boasting a bigger export rate of cocoa. Despite this, the sale of cocoa still thrives on the local scene.

In this post, we will take a look at current cocoa prices in Nigeria today.

Prices of Cocoa in Nigeria Today

It is a tad difficult to give a single price estimate on how much cocoa sells for in Nigeria today. This is because the price of cocoa varies largely per state. For instance, Cocoa is cheaper in States like Ondo and Cross River state because there is a large supply of the product in the area.

As it stands, a tonne of cocoa sells for anything between N700, 000 – N750, 000 depending on the location of purchase. Below is a breakdown of the prices of cocoa per tonne in different cocoa-producing areas in Nigeria.

  • 1 ton of cocoa at Idanre, Ondo State == N680,000 – N710,000
  • 1 ton of cocoa at Ore, Ondo State == N675,000 – N700,000
  • 1 ton of cocoa at Ife Central, Osun State == N680,000 – N700,000
  • 1 ton of cocoa at Akoko Edo, Edo State == N670,000 – N690,000
  • 1 ton of cocoa at Ikom, Cross River State == N650,000 – N680,000
  • 1 ton of cocoa at Akure South, Ondo State == N680,000 – N705,000

Products That Can be Made from Cocoa

Cocoa is one of the most useful agricultural products in Nigeria. With various uses being discovered by the day, it is easy to see why it rates among the most marketable products in the country. With this being established, we will now take a look at some of the top products that can be made from cocoa.

Animal Feed (from Cocoa Husk) – No part of Cocoa is a waste, not even the husk. This part of cocoa can be easily used as an animal feed. You can easily slice a fresh cocoa husk into small flakes. After this process, all you need do is dry the flakes slightly and then mince and dry the pellets.

Soft Drinks and Alcohols – This is one of the common uses of cocoa in the local sector today. You can easily collect fresh cocoa pulp juice (or sweating), sterilize them and bottle them to make them neat and presentable. For the production of some top-rated alcoholic drinks like Brandy, you can collect fresh juice from cocoa, boil slightly, cool and then ferment with yeast. After four days, distill the produce and you have gotten yourself a lovely brandy.

Potash (from Cocoa pod Husk) – Cocoa pod husk ash is primarily used to manufacture soft soap. In some cases, it can also be used as fertilizer for cocoa, vegetables, and other basic food crops. To prepare the cocoa ash, the cocoa fresh husks are spread out in the air to dry for about one to two weeks. The dried produce are then incinerated in an ashing kiln.

Cocoa butter – This is one of the most significant, and in major parts of the country, the most rated and popular use of cocoa. Cocoa butter is used in the production of chocolate. Apart from this, it is also used to manufacture some cosmetic products like moistening creams and soaps. Because of the special effect cocoa has on the skin, many skin therapists advise the use of cocoa-made creams for skin glow and general care.

Jam and marmalade – Jam and marmalade are another products of cocoa. The pectin for these products are extracted from the sweatings of cocoa and then by precipitation with alcohol. The process is further followed by distilling and recycling the alcohol in further extractions.

There are many other products produced from Cocoa.

Medical Advantages of Cocoa

Chocolate is one of the most common products of Cocoa. Bitter chocolate is usually made by pressing heated cocoa kernels between hot rollers. Cocoa powder, another common produce of Cocoa, is produced by clasping cocoa butter from bitter chocolate and grinding the remaining material. Syrupy chocolate is made by adding sugar and vanilla to bitter chocolate. White chocolate usually contains sugar, cocoa butter, and milk solids. Here are some of the health benefits attached to taking cocoa products, especially chocolate and jam.

  • Curbs Heart Disease – According to some researchers, eating cocoa lowers the chance of heart disease and death. This effect might be as a result of it lowering blood pressure and improving blood vessels function.
  • High Blood Pressure – Eating dark chocolate or other common cocoa products for between two to eight weeks can help lower high blood pressure reading by up to 4 mmHg. The blood pressure may also be lowered by up to 2 mmHg in people with high blood pressure.
  • Curbs Chronic fatigue syndrome. Some researchers have reported that consuming a large amount of cocoa every day can lessen fatigue, anxiety, and even depression. It also helps increase the overall capability to function in people with chronic fatigue syndrome.

Side Effect of Taking Cocoa Products

One of the trending questions about cocoa and its products is whether excessive consumption of them have side effects. Eating cocoa and its products, especially chocolate, is LIKELY SAFE for most people. Cocoa has caffeine and associated chemicals. Consuming large amounts might cause caffeine-related side effects like nervousness, augmented urination, insomnia, and in some cases, a fast heartbeat.

Cocoa can cause allergic skin reactions though. It can also cause constipation and trigger migraine headaches. It can also cause digestive illnesses like nausea, intestinal uneasiness, stomach rumbling, and gas.

Share196Tweet123
Previous Post

IPPIS: Civil servants, ex-banker arraigned for ghost workers fraud

Next Post

Air Peace management Recalls Sacked Pilots

Sam Gabriel

Sam Gabriel

Samson Gabriel a graduate of mass communication from Auchi Polytechnic, he is a passionate writer with experience in radio scrip writing. He brings his experience from the broadcast media into play here as he continues to enjoy his passion as a journalist. He can be contacted via whats-app on: +234701105670

Next Post
Air Peace Limited Recruitment of Vehicle Fleet Coordinator

Air Peace management Recalls Sacked Pilots

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest
Stanbic IBTC launches Africa-China Agent Value Proposition

List of Stanbic IBTC bank Routing Number, sort codes and branches in Nigeria

May 2, 2023
Banks Employ More Contract Staff as full staff continue to dwindle

Nigerian bank employee grades and levels

June 14, 2021
N-power Portal Login npvn.npower.gov.ng/login 2020/2021 – Update Your Account

N-power Portal Login npvn.npower.gov.ng/login 2020/2021 – Update Your Account

November 17, 2020
Zenith Bank2

List of Zenith bank Routing Number, sort codes and branches in Nigeria

May 2, 2023
Union Bank2

List of Union bank Routing Number, sort codes and branches in Nigeria

May 2, 2023
How buy 2019 JAMB 2019 UTME form/ registration PIN online

UTME result: How to Check JAMB Result 2022 – Jamb Result Checker

1333
JAMB Result checker 2020 out | www jamb org ng result checker

Utme 2021: Check JAMB Results Using JAMB Registration Number

1146
List of JAMB Approved CBT Centres In Abia State 2020/2021 | Abia State Jamb Cbt Centres

Jamb Portal 2021: How to check Jamb Results – jamb.org.ng/efacility

523
P Yes registration

www.p-yes.gov.ng – Register For P-YES Progeamme Portal – Apply Now

436
Breaking: JAMB releases more 15,490 UTME results

JAMB Results 2021 Online Checking Steps | www.jamb.org.ng Result

316
A Comprehensive Guide to the European Union Blue Card

Unlocking Opportunities: A Comprehensive Guide to the European Union Blue Card

August 31, 2024
Naira Redesign Policy Causes Banks' Deposits with CBN to Plummet by 95.82%

Currency in Circulation hits all-time-high Fueling Inflationary Pressures

August 29, 2024
Ecobank Nigeria Launches Oja Oge Pop up Marketplace to Empower SMEs

Ecobank Nigeria Launches Oja Oge Pop-up Marketplace to Empower SMEs

August 28, 2024
inflation Push Over 31 Million Nigerians into Acute Food Shortage

Insecurity and Economic Woes Push Millions of Nigerians into Acute Food Crisis

August 28, 2024
NAFDAC Cracks Down on Use of Unapproved Saccharine in Bread Production

NAFDAC Cracks Down on Use of Unapproved Saccharine in Bread Production

August 27, 2024
Financial Watch

Copyright © 2023 Financial Watch.

Navigate Site

  • About
  • Privacy Policy
  • Terms of Use
  • Feedback
  • Advertise

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • HOME
  • Banking
  • ECONOMY
  • VIEW POINT
  • PRICE WATCH
  • CRYPTO WATCH

Copyright © 2023 Financial Watch.