Wednesday, August 12, 2020

Tag "Cocoa"

    BEAUTY TRUMPS FOOD: Nigeria sells more false eyelashes, beards to US than cocoa

BEAUTY TRUMPS FOOD: Nigeria sells more false eyelashes, beards to US than cocoa

Data made available by the National Bureau of Statistics (NBS) shows that the value of false beard and eyelashes exported to the United States in the second quarter of 2019 was more than that of cocoa. According to the Commodity Price Indices and Terms of Trade report released by the bureau, Nigeria exported false beards and eyelashes worth N649 million while [...]

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    Nigeria ‘missing out’ on current scramble for Africa’s cocoa

Nigeria ‘missing out’ on current scramble for Africa’s cocoa

The price of cocoa on the global market has increased because of a reduction in production output from Ghana and Cote d'Ivoire, choice markets for European chocolate makers. Reuters reports that Ghanaian beans are currently trading as high as £200 per tonne while Cote d'Ivoire's stand at £85. The supply pressure was worsened after the Coffee and Cocoa Council (CCC) in Cote d'Ivoire [...]

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    Eat Me: Good for the brain, fights cancer… the many benefits of cocoa bean

Eat Me: Good for the brain, fights cancer… the many benefits of cocoa bean

Cocoa also called cacao bean, is the dried and fully fermented seed of cocoa seeds. It can be processed into a number of products including beverages and chocolate. [...]

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Delayed rainfall reduces Nigeria’s cocoa sales

Cocoa farmers in Nigeria are recording low purchases of their produce as exporters have complained of low weight of the cocoa beans. Farmers in the main cocoa-producing southwest region of Nigeria have experienced high incidence of beans that failed to develop fully and low weight of matured ones because of the late arrival of rain. The late arrival of rain in the [...]

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    STAT: Nigeria exported N45.2 billion worth of cigarettes, cocoa in Q4 2015

STAT: Nigeria exported N45.2 billion worth of cigarettes, cocoa in Q4 2015

Nigeria exported cigarettes, cocoa and its derivatives to the tune of N45.2 billion in the last three months of 2015, according to the Nigerian Bureau of Statistics (NBS). The largest import for those three months was refined petrol, Durum wheat and motorcycles. Durum wheat imported within three months stood at N57.5 billion for October, November and December 2015. In its Q4 report on [...]

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    Nigeria’s light-crop cocoa output may rise 20% on rainfall, chemicals, farmers say

Nigeria’s light-crop cocoa output may rise 20% on rainfall, chemicals, farmers say

Light-crop cocoa harvest in Nigeria, the fourth-biggest producer of the chocolate ingredient, may rise by as much as 20 per cent due to a rainfall pattern and chemicals that enhanced fruiting by trees, farmers have said. Harvesting under the smaller of Nigeria’s two cocoa seasons started in March, a month earlier than normal, and may last up to May or June, [...]

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NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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