Looking for an export business idea?. After the pods ripen, they are harvested and cut open to extract the valuable cocoa beans. It’s a sad but very funny experience. Statistics show that people develop a taste and appetite for impulse and luxury products as their incomes increase. Add some sugar to the bottom of the mug. International cocoa prices change very often based on market supply and demand, poor harvests or political instability in cocoa producing countries. The Cocoa Exchange is a MLM company that offers the opportunity to sell chocolate and earn an income in the process. Prone to disease, maintenance of cocoa farms is labor intensive and requires the use of expensive chemicals to keep black pod disease at bay. Please leave a comment, share your views and ideas or ask any questions you may have in the Comments section below. Business Opportunities In Cocoa Farming Around The World 1). The image below shows the share of the price of chocolates that reach the farmers. What do you think about this business opportunity? Most times you need a lot of cash to invest, and that's why we brought this business to you, where you can invest with little money … The largest cost element in both establishing and maintaining a plantation is labor. According to the Cocoa Association of Nigeria (CAN), Nigeria ranks behind Cote D’Ivoire (1st), Ghana (2nd) and Indonesia (3rd). It is my hope that this article lights a bulb in your head and leads you to explore the potentials for cocoa in your area. Business Cocoa farming, cheap chocolate and child labor. The layer of pulp that naturally surrounds the beans heats up and ferments the beans, which enhances the cocoa flavor. Hundreds of years ago, the Greeks referred to chocolate as the ‘food of the gods’. And by the way, if you enjoyed reading this article and you’re thinking of raising capital to start or grow your business, you’ll love my amazing and life-changing FREE course. Meet Mattheus Saueressig – AgroLatestHero of the Month. Yes, you’re right; no Africa, no chocolate! Our continent now has the fastest growing population in the world. HOW TO START A COCOA FARMING BUSINESS IN NIGERIA. 2). Or would you rather act as a middleman who buys the harvested and dried cocoa beans and sell them locally or export to processors overseas? Whether you’re hunting for good business opportunities, trying to start a business, looking to raise capital, eager to make more sales and grow your business, or desperate to structure your business and hire capable people, you’ve come to the right place. Step#1. Grab your favorite mug from the cupboard. Reselling businesses in Ghana. Cocoa beverages are heavily consumed (especially by growing children and young adults) in developing regions of the world like Africa. For the production of alcoholic drinks, such as brandy, the fresh juice is boiled, cooled and fermented with yeast. (photo credit: vibeghana.com). The cocoa value chain starts from the farmer and ends with the global brands like Nestlé, Cadbury and Hershey that produce chocolate and several other cocoa products. Cocoa farming can only be done under very specific climatic conditions which include 21-32oC temperature and 100-250 cm of rainfall, well distributed throughout the year. Labor costs are followed by input costs such as fertilizers and pesticides; however, their use will depend on other factors such as the quality of the soil and the level of pests and diseases. You may be surprised to know that one of your favorite hobbies – eating candy and chocolate, of course – can turn into a huge money making venture. I’m a graduate of horticulture department from federal University of agriculture Abeokuta Ogun state Nigeria and i am into cocoa,colanut,casew and plantain production. A 2012 KPMG report reveals that the psychology behind chocolate suggests consumers see it as a ‘naughty but nice’ impulse treat. Cocoa farmers use long-handled steel tools to reach the pods and cut them without wounding the soft bark of the tree. Cocoa would only thrive in states like Ondo, Ogun, Rivers, Cross River, Osun, Oyo, Ekiti, Imo, the western, Eastern and Southern states of Nigeria where there is abundant rain and less sun, according to Africa Business Classroom. The idea was to make Coca-Cola portable. Moreover, the plan must consist of Business Description, Product Description, Organizational Data, Marketing Strategy, Competitive Analysis, Operations Plan and Financial Information. After fermentation, the cocoa beans are dried, cleaned, roasted and processed into several valuable products, the main ones being: Chocolate is a huge business and one of the best-selling products in the world. It’s interesting that the world has fallen in love with chocolate, cocoa butter and other cocoa products. The buyer transports the sacks to an exporting company where the sacks are inspected, put into burlap, sisal, or plastic bags, and transported to the exporter’s warehouse, where the beans are stored until they’re shipped to a manufacturer. I am the Director of Project & Planning, Ministry of Energy and Mining Headquarters, Republic of South Sudan. In this franchi… He/she must be ready to go the distance, put in hard work, and has to continually educate himself/herself on best practices in order to take advantage of modern scientific breakthroughs and business … There is still a lot of room in Nigeria and Cameroon for more cocoa. Internationally traded and export grade cocoa usually have specific requirements and high quality standards. Joining these programs and visiting the offices will provide you access to quality information about the cocoa business in your country. There are different ways to breed a cocoa tree. You could also be a grinder or chocolate maker but these will require huge capital investment and lots of technical knowledge and skills. To increase the amount of money farmers can make from the cocoa business and encourage sustainable cocoa production, NGOs like. It’s a short video I recommend you should watch. How much influence do you think the cocoa production business in Africa has on the global chocolate market? Cocoa Hybrid varieties however can yield crops within two and three years. MyFarmbase is an agri-tech social enterprise that leverages technology for research, advocacy and sustainable agriculture development, Subscribe to be notified of latest agric opportunities. Cocoa Farming and Processing Business Plan in Nigeria. Coffee concessions seem like fun businesses to be in, but making money selling coffee can be harder than it looks. The largest producing country by volume is Côte d’Ivoire, which produces around 40% of global supply. Above all, there are usually cocoa research and support programs run by NGOs or government offices in cocoa producing countries. Opt for a dark chocolate hot cocoa mix that is low in sugar and avoid having more than 2-3 cups a day to enjoy the health benefits of … This is likely to exponentially increase the current demand for cocoa. If cocoa beans do not meet these standards, they are often rejected by the customers and you’ll lose a lot of money. Knowledge: You might not see someone who’ll pay you for gaining knowledge from them, but whatever the case may be. This makes Africa very invaluable to the cocoa business and its related products, especially chocolate. This will ensure that the direct heat of the sun is not borne by the cocoa pods. For example, in the West African country of Cote D’Ivoire (Ivory Coast) which is the world’s biggest cocoa producer, many of the farmers who produce the cocoa beans have never tasted chocolate before. While initial cultivation can be a hassle, once mature, cocoa trees could be a source of income for the farmer for 40 years or more. In addition to quality, price is also another important factor you must follow closely. The farmer must invest in good quality, disease-resistant, and high-yielding cocoa beans for planting. I’m planning to start my own cocoa farming in Sierra Leone this farming year, since am new in the business, I need to get advice as to how and what to do. In addition to Africa’s suitable location, the evergreen forest and climatic conditions (adequate rainfall and favourable temperatures) makes West and Central Africa a sweet spot for cocoa production. There still remains a lot of unexploited opportunities in cocoa production in Guinea, Sierra Leone, Liberia, Central African Republic, Congo and several other countries in this region with fertile land and favourable climate that is suited for cocoa production. The reality is clear; the retailers and supermarkets are the big winners. Cocoa farming has more advantages, presenting one of the best business opportunities in Agribusiness than drawbacks, being the fastest selling agricultural produce in the world, with global demand far exceeding supply. Click here to learn more about his signature programs. John-Paul Iwuoha is a business transformation specialist and founder of Smallstarter. If you use milk in your hot cocoa, it can provide protein, dairy fat, and can potentially protect against strokes. The crop cocoa is produced tropical areas that have been far and wide acknowledged as the beverage pick even prior to the discovery of coffee and tea. Ninety percent of the world’s cocoa is grown on small family farms by about 6 million farmers who earn their living from growing and selling cocoa beans, according to Fair Trade Canada. Production Of Animal feed: The dried cocoa pod husk is used as an animal feed in Nigeria, Africa, and many other parts of the world. Production of soft drinks and alcohol – In the preparation of soft drinks, fresh cocoa pulp juice (sweetings) is collected, sterilized and bottled. How To Make More Money With Maize Production Plants shade remains (like plantain) should be planted 1-2 years before the seedlings are planted in the garden. To increase the amount of money farmers can make from the cocoa business and encourage sustainable cocoa production, NGOs like Fairtrade, Rainforest Alliance and UTZ have set up certification programs to protect cocoa farmers and increase the profit potential of their produce. Cocoa is a delicate and sensitive crop, and farmers must protect trees from wind, sun, pests, and disease in order to make huge profits from it. The Cocoa Powder Business is now very hot, both locally and abroad. A cocoa tree usually matures and begins to bear fruit (pods) when it is about four or five years old. Your business plan must include the financial analysis and marketing plan. After cocoa seeds are planted, it usually takes between three and five years to yield the first crop. As a result, these efforts that are aimed at helping farmers will boost the lucrativeness of the cocoa business in the near future. To begin cocoa farming, the investor needs to purchase storage and drying space. Exporting business is surely a hit nowadays. In addition to the countries in the region that are yet to exploit the potentials of cocoa, there are also countries like Nigeria and Cameroon that are under-utilizing their potentials for cocoa. Production Of Cocoa Butter: Cocoa butter is used in the manufacture of chocolate. Potash from cocoa pod husk – Cocoa pod husk ash is used mainly for soft soap manufacture. Cocoa passes through a number of interesting stages from the farms where they are cultivated and harvested, to the big manufacturing plants that use them to manufacture chocolate and beverages. Post-harvest processing has the biggest impact on cocoa quality and, consequently, on cocoa taste, which includes: Fermentation and drying. The beans are then dried in the sun for several days. Farmers collect the pods in baskets. thanks. Nigeria was then the biggest exporter of cocoa in Africa and ranked amongst the top exporters in the world. Easy Way To Make Money in Nigeria From Cocoa Powder Business Unknown 03:51 tech Edit If you picture yourself creating additional source (multiple source) of income, with the view to earn more earnings that will enable you cater for the rising cost of your needs, sit back and relax as I expose you to a very hot and profitable … You could also make some connections that will help your learning and teach you more about the business. These products include cocoa butter, cocoa powder, cocoa liquor to mention a few. Because cocoa is sensitive to water deficiency, the area should have plentiful rainfall which is well distributed throughout the year. With the world’s highest birth rate, Africa’s current population of nearly one billion people is predicted to more than double in 40 years to 2.3 billion. And because cocoa can be grown in only a few other places outside Africa, the high demand for cocoa products will provide a steady and lucrative market for cocoa producers. Here is why : One: Pure Cocoa Powder has numerous great health benefits, google is your friend – check now the health benefits of Cocoa Powder – you will discover every home needs Cocoa Powder. This company have a great customers building list service for the export marketers. There is however poor price transmission between export markets and producers. Our goal at Smallstarter is to open your eyes to the business possibilities around you. 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