How much cocoa is grown?

How much cocoa is grown?

In 2016, the Ivory Coast alone produced approximately 1.6 million metric tons of cocoa beans. The nation is expected to produce almost 1.9 million metric tons of cocoa beans during the 2016/2017 crop year.

How much cocoa does Ghana produce every year?

According to the country’s Cocoa Board (Cocobod), Ghana expects to output approximately 900,000 tonnes of cocoa in the 2020/2021 season, up 5.8% from the forecast for 2019/2020.

How big is the cocoa industry?

The global cocoa processing market was valued at about 4.5 million tons in 2020 and is forecasted to reach 4.76 million tons by 2025. Alone in Europe almost 1.38 million tons of cocoa beans were processed in 2020.

How many tonnes of cocoa does Ghana produce?

Ghana has set a new cocoa production record with 1.033 million tonnes of beans for the 2020/2021 season.

How many years does it take cocoa to produce?

After cocoa seeds are planted, it usually takes between three and five years to yield the first crop. Cocoa Hybrid varieties however can yield crops within two and three years.

Who is the biggest chocolate producer in the world?

Leading chocolate companies worldwide 2016, based on market share. The candy company Mars controls a 14.4 percent share of the global chocolate market, making it the largest chocolate company in the world. Mars is famous for such chocolate candy brands as M&M’s, Snickers, and Twix to name a few.

Who owns cocoa farms in Ghana?

Ambitious cocoa farmer Nana Aduna II – a traditional ruler, who inherited his 80-acre plantation two decades ago – is well aware of the difficulties. He is among a number of Ghanaian entrepreneurs who are keen to seize the opportunity to process cocoa in Ghana itself, before exporting a more lucrative finished product.

How much does a cocoa farmer get paid?

The average cocoa farm will produce one or two tonnes of cocoa beans a year; one tonne is 16 sacks of cocoa. The average farmer will make between $1,400-$2,000 profit a year, at most about $5 a day, which will need to support 6-10 dependants.

Is cocoa farming profitable in Ghana?

800,000 small scale cocoa farmers make up 60% of the country’s agricultural base. However, despite their importance to Ghana’s development, many cocoa farming families live in poverty. Cocoa farmers earn a per capita daily income of approximately USD $0.40-$0.45 on cocoa.

How many tons of cocoa is produced in an acre of land?

While the traditional cocoa crop takes about four to five years to mature, the improved variety takes just one and half years. The new varieties produce 1 1/2 metric tons of cocoa per hectare (2.47 acres) each season compared with the older types which yield 1/2 ton.

How much profit does a store owner make on a bar of chocolate?

For more ordinary chocolate, expect to charge around $7 to $10 per pound. If you add special occasion packaging, tack on an additional 10% to the price. As a storeowner, you will enjoy profit margins between 55 to 75%.