An indigenous company, Johnvents Industries Limited is set to launch a multi-billion naira cocoa processing company in Akure, the Ondo State capital to boost the …Ile Oluji Nigeria Limited, Nigeria's oldest cocoa processing firm has only processed 2,000 metric tons of Cocoa since the beginning of the year, which is by far below …
Low Operating Capacity: Nigerian processing industry operates at about 40% which is much lower than ideal capacity of 85% and above whilst CIV processes about …Multi-Trex Integrated Foods PLC, Nigeria's largest cocoa processing factory with a production capacity of 65,000MT per annum, has since been shut down and thereafter taken …
Nigeria Cocoa Processing Market Trends: The extensive land use and the favorable climatic conditions for the sustainable production of cocoa are driving the …The Nigeria cocoa processing market is expected to exhibit a CAGR of 7.2% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating …