Nigeria for you to double cocoa output. - Anambra Indigenous Youth Farmers Multi-purpose Cooperative Limited
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Nigeria for you to double cocoa output.

Written By Anambra Farmers on Sunday, 16 September 2012 | 01:50

Nigeria, the world's final biggest cocoa grower, aims for you to double output to 500, 000 tonnes on the next three years as it tries to expand its exports further than oil, an industry body possesses said.
The Cocoa Processors Association of Nigeria (COPAN) said the costa rica government had distributed around 10, 000 improved seeds to farmers in its 14 cocoa-producing expresses and production increases would begin by 2014.
"There are a lot of initiatives by the government to improve production volumes. In another several years, we see cocoa volumes proceeding from 250, 000 to 500, 000 metric tonnes, " COPAN secretary Felix Oladunjoye advised Reuters.
The government had also begun to subsidise fertilizers for farmers, strengthen industry regulation for boosting volumes and distribute chemicals for you to fight disease.
Demand for the actual raw beans from Nigeria ended up being growing, he said but this was false for the semi-finished cocoa solutions. Demand for those had slipped by around 70 percent over the last three years, he added.
Your debt crisis in Europe has generated big cuts in demand with regard to cocoa products - butter, alcohol, powder and cake - coming from Western and Asian markets, he / she said, noting that most European chocolate makers preferred to acquire raw beans.
Grinding had dropped to 20, 000 tonnes per year, out of a capacity connected with 150, 000 tonnes, owing for you to low global demand, Oladunjoye stated.
Nigeria was processing around 230, 000 tonnes in 1986 if your sector was first deregulated.
Volumes of beans produced had stayed between 200, 000-250, 000 tonnes over the past three years, he added.
The COPAN secretary expected local demand to get some of the slack coming from lower sales in Europe.
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