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Saturday, May 30, 2020

Good news for African chocolate lovers as Ghana said to produce biggest cocoa crop in 3 years

Accra: Ghana has recorded its biggest cocoa harvest in three years, according to two people familiar with the matter, after better weather conditions boosted output in the world’s second-biggest cocoa grower. Graded and sealed deliveries from the so-called main crop, the larger of two...

Nigeria sells 47% cocoa to Netherlands – NEPC

Executive Director, Nigerian Export Promotion Council (NEPC) Mr Olusegun Awolowo, has said that Nigeria sells 47 per cent of it’s Cocoa to the Netherlands. Awolowo said this while fielding questions from State House correspondents after a trade agreement between the Netherlands and Nigeria at...

Heavy rains, black pod threatens Nigeria’s $764.7m cocoa output

By Tolani Awere Black pod thrives in wet conditions, causing trees to wither Cases recorded in Nigeria’s two main cocoa-growing regions Nigeria’s 2019-20 cocoa crop is threatened by an attack of the fungal black-pod disease due to the wetness created by persistent rains in the main cocoa-growing...

Heavy rains, poor sunshine dampen Nigeria’s 2018/19 cocoa outlook

Chijioke Ohuocha LAGOS, June 20 - Heavy rainfall and poor sunshine across Nigeria’s cocoa-growing regions raises the likelihood of black pod disease which would hurt the main crop this season, an industry body said on Thursday. Farmers in Nigeria, the world’s fourth-biggest cocoa grower, are...

Nigeria’s annual cotton output slumps to 60,000

Nigeria Approves Two GMO Cotton Varieties to Increase Output By Ruth Olurounbi Cotton seeds genetically modified to boost bollworm resistance Nigeria approved two genetically modified varieties of cotton for use by the nation’s farmers to help boost supply to its textile industry and cut lint imports of...

Nigeria targets local 300,000 tonnes of cotton output as local farmers get seedlings

Nigeria's Central Bank, (CBN) vows to revive Nigeria’s moribund cotton, textiles and garments sector, the Central Bank of Nigeria (CBN) on Monday commenced the distribution of cotton seeds and other inputs to farmers in Katsina State. To encourage local textile production, the apex bank also...

Ghana 2018/19 cocoa output expected to drop 6 pct due to disease, drought

Ange Aboa SUNYANI, Ghana (Reuters) - Ghana’s cocoa output is expected to drop nearly 6 percent this season to 850,000 tonnes because of disease and dry weather, sources at the cocoa regulator, COCOBOD, said on Wednesday. ADVERTISEMENT Ghana previously forecast production of 900,000 tonnes, the same as...

Rains swell Ivory Coast cocoa crop

Abidjan — Mixed rains fell over Ivory Coast’s cocoa-growing regions last week, farmers said on Monday, with more showers needed in some areas to boost the April-to-September mid-crop. The rainy season in the world’s biggest cocoa producer runs from mid-March to late October, with heavy...

$300m export-bound cashew threatened by Apapa’s notorious gridlock

Gridlock and inefficiency at Lagos ports have delayed shipment of 50,000 tons of cashew nuts valued at $300 million and is threatening this year’s output as traders are cash-strapped. The kidney-shaped fruits from last year’s harvest should have been exported by January. Instead, they...

CBN plans single-digit interest loan for oil palm producers

Investing Tuesday, March 19,2019 The Central Bank of Nigeria on Monday unveiled fresh plans to revive the palm oil value chain to enable the sector to generate foreign exchange and reduce the level of unemployment in the country. The CBN Governor, Mr Godwin Emefiele,  unveiled the strategies...