Nigeria: Cocoa price hits N15m per ton, says CRIN boss

게시됨 2024년 12월 12일

Tridge 요약

The price of cocoa in Nigeria has soared to a record high of N15 million per ton due to disease outbreaks in Cote d'Ivoire and Ghana, the world's leading cocoa producers, causing a loss of approximately 40% of the crop. This significant increase has been noted by the Executive Director of the Cocoa Research Institute of Nigeria, Dr Patrick Adebola, during the institute's 60th anniversary and the 18th Research Institutes Games of Nigeria. Adebola emphasized the potential of cocoa farming, explaining that a hectare can yield 1.5 tons, translating to a profit of N12 million per ton, and emphasized the low maintenance requirements of the crop.

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원본 콘텐츠

The Executive Director, Cocoa Research Institute of Nigeria (CRIN), Ibadan, Dr Patrick Adebola, has said that the price of cocoa reached an all-time high of N15 million per ton from its previous price of N1.8 million as at January 2024. Adebola made this known while addressing newsmen on the occasion of CRIN’s 60th anniversary and the hosting of the 18th edition of the Research Institutes Games of Nigeria (RIGAN) by the institute. Adebola attributed the sharp increase in the price of the crop to disease outbreak in Cote d’Ivoire and Ghana, the leading producers of cocoa in the world, a situation that has led to about 40 per cent loss of the crop in the two countries. “Cote d’Ivoire is the largest producer of cocoa producing about 2 million metric tons followed by Ghana with 900,000 metric tons. Nigeria is still 300,000 tons. Meanwhile, we have more land and everything than both countries. “As at January this year, a ton of Cocoa used to sell for N1.8 million, the price has risen ...

출처: Daily Trust (ng)