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Oluwafemi Awodele
3 weeks ago
Overview
Cocoa farmers in the agrarian communities of Oyo State are counting their gains from the soaring prices of cocoa beans in the outgoing season.
Speaking with the News Agency of Nigeria (NAN) in Ibadan, the state capital, on Wednesday, a cross-section of cocoa farmers confirmed that the 2024 farming season was the most profitable of their farming years.
According to them, proceeds from cocoa farming in the outgoing season tripled what they realised in the previous cocoa farming season. They said the development had positively impacted their living standard, as some had conveniently embarked on house-building projects, buying cars and motorcycles among others.
Nurudeen Alimi, a cocoa farmer at Elede Ominigbo Village, Ibarapa North Local Government Area (LGA), said he was able to get above 860 kilogrammes of cocoa beans from his farm. According to Mr Alimi, a kilogramme of cocoa beans, which cost between N2,800 and N4,000 in December 2023, was sold for N12,000 by the middle of December 2024.
