Current Prices Of Cocoa In Nigeria 2020

The current prices of cocoa in Nigeria this 2020 is our centre focus in this article. Cocoa or Cacao (Theobroma cacao), is one of the most important agricultural products in Nigeria and the world at large, and it is a cash crop through which our country generates revenues to help sustain the economy. Though its economic importance in the country has significantly reduced since the discovery of crude oil at Oloibiri, Bayelsa State in 1956, it still remains one of the country’s most popular farm produce.

Current Prices Of Cocoa In Nigeria

Irrespective of where the Nigerian economy has headed so far as a result of our overdependence on petroleum, the fact still remains that cocoa is still highly sort after by those who know its value, and cocoa products are daily in high demand by those who appreciate how appealing they are to the taste buds. If you are interested in buying cocoa and you do not know what the cost is in today’s market, we will breakdown the current prices of this cash crop as we continue in this article.

COST OF COCOA IN NIGERIA PRESENTLY

The prices of cocoa varies in different states in Nigeria. The cost of cocoa is cheaper in Ondo and Cross River States respectively due to the fact that there is a large supply of this farm produce in these States and this is due to the fact that cocoa is found in abundance in these places.

The current price of a tonne of cocoa in Nigeria using estimates is roughly between ₦700,000 –  ₦750,000 and this depends on the place you purchase the product. Other prices of cocoa per tonne in different places where the crop is produced in Nigeria are stated below:

  • 1 Tonne of cocoa at Idanre, Ondo State: ₦680,000 – ₦710,000
  • 1 Tonne of cocoa at Ore, Ondo State: ₦675,000 – ₦700,000
  • 1 Tonne of cocoa at Ife Central, Osun State: ₦680,000 – ₦700,000
  • 1 Tonne of cocoa at Akoko Edo, Edo State: ₦670,000 –  ₦690,000
  • 1 Tonne of cocoa at Ikom, Cross River State: ₦650,000 – ₦680,000
  • 1 Tonne of cocoa at Akure South, Ondo State: ₦680,000 – ₦705,000.

PRODUCTS GOTTEN FROM COCOA

The following are some of the products gotten from cocoa:

CHOCOLATE

Arguably the most important cocoa product ever, chocolates are a delight for all and sundry. Be it a chocolate cake, chocolate bar, etc, everyone loves the pleasant taste of chocolates and they are gotten from the cocoa beans enclosed in the cocoa pod.

SOFT DRINKS AND ALCOHOLS

There are soft drinks and alcohols derived from cocoa extract. Quite a good number of them are available in the Nigerian market and they are the favourite drinks for many people. Some of these brands have been in the Nigerian market for many years.

POTASH

Potash can be derived from cocoa pod husk and it is used in making soaps as well as fertilizers for improving soil nutrients. This cocoa ash is derived by spreading out the cocoa fresh husks in the air to dry for about two weeks, after which the dried produce is incinerated in an ashing kiln.

COCOA BUTTER

Cocoa butter is also one of the most popular products derived from cocoa and it is used in chocolate production. It is also used in the manufacture of certain cosmetic products such creams and soaps. Cocoa has positive effects on the skin and cocoa-based skin care products are recommended by many dermatologists and skin care therapists.

Other cocoa-based products include the following:

  • Cocoa powder
  • Jam and marmalade
  • Animal feed (from cocoa husks), etc.

HEALTH BENEFITS OF COCOA

The following are some of the health benefits of cocoa:

  • Cocoa contains polyphenols in abundance and these polyphenols have remarkable health benefits which include reduced inflammation and improved cholesterol levels.
  • Various studies have shown that cocoa contains flavanols in abundance which helps to lower blood pressure by improving nitric oxide levels and blood vessel function.
  • Consuming cocoa can help improve your blood flow and greatly reduce cholesterol. Eating up to one serving of chocolate per day may reduce your risk of heart attack, heart failure and stroke.
  • The flavanols in cocoa help in the production of neurons, they improve brain function, blood flow and supply to brain tissue. These flavanols may also prevent age-related brain degeneration, such as in Alzheimer’s disease, but more research is needed substantiate this.
  • Cocoa may exert some positive effects on mood and symptoms of depression by reducing stress levels and improving calmness, contentment and overall psychological well-being. However, more research is needed.
  • Cocoa and dark chocolate may reduce your risk of diabetes and maintain healthy blood sugar levels.
  • The flavanols in cocoa have been shown to have promising anti-cancer properties.

SIDE EFFECTS OF CONSUMING COCOA PRODUCTS

According to verywellfit.com, cocoa is commonly found in many foods that we eat. Cocoa is likely safe for most people when consumed in amounts typically found in food. However, cocoa contains caffeine and other chemicals. Consuming caffeine, especially in large amounts, may cause side effects such as such as nervousness, increased urination, sleeplessness, and a fast heartbeat.

Cocoa can also cause skin reactions, constipation, migraine headaches, nausea, intestinal discomfort, stomach rumbling, and gas. Applying cocoa to the skin may cause a rash.

More serious reactions to cocoa may occur in certain populations:

  • People with anxiety may experience more severe symptoms from the caffeine in cocoa. People with bleeding disorders should be cautious as cocoa can slow blood clotting. Caffeine in cocoa might cause irregular heartbeat in some people with heart conditions.
  • People with diabetes should be aware that cocoa might raise blood sugar levels and might interfere with blood sugar control.
  • People with gastroesophageal reflux disease (GERD) may need to be cautious when consuming cocoa as it can make symptoms worse
  • Caffeine in cocoa increases pressure in the eye and should be used cautiously in people with glaucoma.
  • Caffeine in cocoa may increase blood pressure in people with high blood pressure. Caffeine in cocoa can worsen symptoms of Irritable Bowel Syndrome (IBS) especially if consumed in large amounts. Caffeine in cocoa should be used cautiously in people with osteoporosis as it may change the amount of calcium excreted in urine.
  • If you are considering using supplements containing cocoa extract, make sure to consult your physician before beginning treatment. Self-treating and avoiding or delaying standard care can have serious consequences.

The Author

Maduawuchi Obialo

Maduawuchi Obialo is the founder of Nigerian Guide and an Editor at Nigerian Infopedia. He is a professional Web Content Developer and a Biochemist.

2 Comments

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  1. Joseph Ekpenyong Oku

    Good day Obialo,

    Nice work as i enjoyed reading through the informations you put out here on cocoa.

    I will like to know how recent this work is.

    I await a prompt response to my message.

    Best Regards,

    1. Hi Joseph, this is as recent as at the time it was first written. With price changes, it will be edited and updated appropriately. Regards.

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