Cocoa

It originates from the seeds (cocoa beans) of the cocoa fruits (cocoa pods), which grow on cocoa trees. The production of cocoa begins in the tropical regions around the Equator, where the hot and humid climate is well suited for growing cocoa trees.
Cocoa production is important to the economy of Nigeria. Cocoa is the leading agricultural export of the country and Nigeria is currently the world’s fourth largest producer of Cocoa, after Ivory Coast, Indonesia and Ghana, and the third largest exporter, after Ivory Coast and Ghana.
Although cocoa is mostly grown in fourteen of the Thirty-six Nigerian States, the main producing states (aside from Cross River, in the South East) are located in the South West of the country, which is the highest Cocoa producing region (80%), with most production areas located in: Ekiti, Ogun, Ondo, Osun and Edo.

Factors inflencing cocoa beans markets

1. Factors of Technology Adoption

2. Market Factors like cost of Innovation ,Returns from Adoption of New Technology.

3. Socioeconomics Factors like farm Size,Gender,Education Level of Farmers,Farmers and Age

Specification for cocoa beans

Cut Test:
Moudy beans 5% maximum by count
Slaty beans 5% maximum by count
Infested / Insect damaged 3% maximum by count
Germinated / Flat beans
Bean Size Bean size is defined by the bean count and expressed
by the number of beans per 100g. The bean count
shall be 100 or less (Main crop).
Extraneous matters 1.00% maximum

COMPOSITION
Moisture (typically) 6.00% – 8.00%
Fat (typically) 55.0% to 59.00% (in dry nib)
Free Fatty acid level 1.00% maximum
CONTAMINANTS
Should have been treated with minimum possible pesticides, according to Good Agricultural Practices with residues at less than the Codex MRL’s.

PACKAGING
Delivery in hygienically packed hessian sacks each weighing 64kg and opening stitched with thread.