Cocoa Vs Oil Palm: Which One Makes More Sense In Nigeria Today? - Agriculture - Nairaland
Nairaland Forum › Nairaland General › Agriculture › Cocoa Vs Oil Palm: Which One Makes More Sense In Nigeria Today? (8222 Views)
Poll: Which Do You Think Between Cocoa and Oil Palm Makes More Investment Sense In Nigeria Today
Cocoa Plantation Ownership
28% (2 votes)
Oil Palm Plantation Ownership
71% (5 votes)
This poll has ended |
| Cocoa Vs Oil Palm: Which One Makes More Sense In Nigeria Today? by WiseBizInvestor(op): 1:00pm On Mar 02 |
Cocoa vs Oil Palm: Which One Makes More Sense in Nigeria Today? This debate comes up often. Let’s compare objectively. Cocoa Pros: • Strong export demand • Long lifespan (40–70 years) • High international market relevance Cons: • Longer wait to maturity • Sensitive to poor maintenance Oil Palm Pros: • Earlier harvest (2–3 years) • Strong local consumption • Multiple product streams (palm oil, kernel oil) Cons: • Requires consistent maintenance • Price can fluctuate locally Now let’s talk what truly determines profitability: ✔Seedling quality ✔Soil suitability ✔Proper spacing ✔Weed control ✔Harvest discipline ✔Security Many failed plantations failed because of management, not crop choice. Also, diversification is powerful. Some investors combine: ✅Cocoa for export hedge ✅Oil palm for local liquidity Agriculture is not gambling. It is biological production with time cycles. You can always reach out to us 0 8 0... 341 .13.. 771 The question is: Are you thinking 2 years? Or 20 years? Which would you choose and why? Let's have your response in the comment section below👇
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| Re: Cocoa Vs Oil Palm: Which One Makes More Sense In Nigeria Today? by kelechi50: 1:30pm On Mar 02 |
Palm tree, rules because of its low maintenance cost. Unlike Cocoa that has high maintenance cost. |
| Re: Cocoa Vs Oil Palm: Which One Makes More Sense In Nigeria Today? by DeltaBachelor(m): 3:59pm On Mar 02 |
It is oil palm o. No long story abeg |
| Re: Cocoa Vs Oil Palm: Which One Makes More Sense In Nigeria Today? by Emempaul(m): 4:02pm On Mar 02 |
Palm tree rules ooo. Na monthly salary from fifth year |
| Re: Cocoa Vs Oil Palm: Which One Makes More Sense In Nigeria Today? by kaludestiny10(m): 4:02pm On Mar 02 |
I'm here to read comments and to learn from people's experiences. |
| Re: Cocoa Vs Oil Palm: Which One Makes More Sense In Nigeria Today? by Lanruze: 4:03pm On Mar 02 |
Please note that the price of Cocoa in the last 6 months has fallen with about 40%. From $4k to $2.5k per tonne. |
| Re: Cocoa Vs Oil Palm: Which One Makes More Sense In Nigeria Today? by Chikarata2020(m): 4:03pm On Mar 02 |
Palm oil should be more profitable, west African countries don't make so much from cocoa. Bcs it requires a lot to process it into a finished product. Selling the raw Cocoa gives very little profit |
| Re: Cocoa Vs Oil Palm: Which One Makes More Sense In Nigeria Today? by Alusiizizi(m): 4:03pm On Mar 02 |
If you're strictly into legal business then palm oil is the king. If you don't mind getting your hands dirty(legally of course) then go for cocoa(use the plant to make some cocaine and hit big time). |
| Re: Cocoa Vs Oil Palm: Which One Makes More Sense In Nigeria Today? by Lungs: 4:05pm On Mar 02 |
kelechi50:Have you considered the cost of harvesting amongst the two ? Many of you do not know the relevance of cocoa. Like someone rightly said up the price of a tone of cocoa is 💲 |
| Re: Cocoa Vs Oil Palm: Which One Makes More Sense In Nigeria Today? by DoctorAyukebot(m): 4:09pm On Mar 02 |
I live in. Cameroon and as an entrepreneur I have ventured into both. Cocoa on the surface comes across as more lucrative. However side by side oil palm plantation is a more sustainable investment. The profit of a cocoa venture depends on too many variables which for the most part aren't constant. From diseases infestation to fluctuating prices. Imagine prices dropping from an all time high of 10 dollars a kilo last year to 1 dollar a kilo this year |
| Re: Cocoa Vs Oil Palm: Which One Makes More Sense In Nigeria Today? by Jaylord12(m): 4:12pm On Mar 02 |
kelechi50:How can get land 4 palm tree plantation in Ogun state.. |
| Re: Cocoa Vs Oil Palm: Which One Makes More Sense In Nigeria Today? by Btruth: 4:13pm On Mar 02*. Modified: 7:54pm On Mar 02 |
Both. But one has more international higher price tage than the other. I think after Cocoa is Cashew Nuts. Quote me if I'm wrong |
| Re: Cocoa Vs Oil Palm: Which One Makes More Sense In Nigeria Today? by DoctorAyukebot(m): 4:14pm On Mar 02 |
Alusiizizi:To think you had a like for that.. 😂 Cocaine is produced from the Coca plant Erythroxylum coca and not the Cocoa plant Theobroma cacao from which chocolate is made |
| Re: Cocoa Vs Oil Palm: Which One Makes More Sense In Nigeria Today? by Btruth: 4:15pm On Mar 02 |
How many acres/hactare do you want? 🤔 Jaylord12: |
| Re: Cocoa Vs Oil Palm: Which One Makes More Sense In Nigeria Today? by Alusiizizi(m): 4:24pm On Mar 02 |
DoctorAyukebot:Thanks. I stand corrected. |
| Re: Cocoa Vs Oil Palm: Which One Makes More Sense In Nigeria Today? by Goonnik: 4:33pm On Mar 02 |
DeltaBachelor:no much talkkkkkkkkkkk |
| Re: Cocoa Vs Oil Palm: Which One Makes More Sense In Nigeria Today? by bestman09(m): 4:36pm On Mar 02 |
Palm oil is the best. It is easier to cultivate and you don't have to stress yourself on it. you can sell the nuts or process to palm oil easily and make your money |
| Re: Cocoa Vs Oil Palm: Which One Makes More Sense In Nigeria Today? by jman77(m): 4:38pm On Mar 02 |
E shock me too, the way NDLEA go use am shine no be here DoctorAyukebot: |
| Re: Cocoa Vs Oil Palm: Which One Makes More Sense In Nigeria Today? by nairalanda1(m): 4:40pm On Mar 02 |
Lanruze:Yes, Ghana and Ivory coast have reduced prices of their cocoa even. |
| Re: Cocoa Vs Oil Palm: Which One Makes More Sense In Nigeria Today? by Nackzy: 4:40pm On Mar 02 |
Cocoa is international accepted than oil Palm |
| Re: Cocoa Vs Oil Palm: Which One Makes More Sense In Nigeria Today? by PeterObash(m): 4:42pm On Mar 02 |
My advice for you is, do both on the same land and thank me later. Both seedlings as different seasons of produce, so it requires more money to maintain them, since they both have different seasons of produce,you can use cocoa or oil palm produce to maintain one another. |
| Re: Cocoa Vs Oil Palm: Which One Makes More Sense In Nigeria Today? by Ofodirinwa: 4:43pm On Mar 02 |
palm oil and palm oil products have a huge export market though. Not as big as Cocoa but big enough to make anyone a millionaire if they play the game well. |
| Re: Cocoa Vs Oil Palm: Which One Makes More Sense In Nigeria Today? by Jaylord12(m): 4:46pm On Mar 02 |
| Re: Cocoa Vs Oil Palm: Which One Makes More Sense In Nigeria Today? by Mariangeles(f): 4:51pm On Mar 02 |
There's always need for palm oil. 'nuff said! |
| Re: Cocoa Vs Oil Palm: Which One Makes More Sense In Nigeria Today? by georgeakins: 5:04pm On Mar 02 |
kelechi50:Nothing grows in the SE aside ugwu leaves. The land is barren |
| Re: Cocoa Vs Oil Palm: Which One Makes More Sense In Nigeria Today? by karmaolu1(m): 5:05pm On Mar 02 |
😆😆 not just you bro. I follow for now kaludestiny10: |
| Re: Cocoa Vs Oil Palm: Which One Makes More Sense In Nigeria Today? by Btruth: 5:33pm On Mar 02 |
Jaylord12:ijebu land if interested? |
| Re: Cocoa Vs Oil Palm: Which One Makes More Sense In Nigeria Today? by Jaylord12(m): 5:43pm On Mar 02 |
Btruth:How can I contact you,sir we can start from there. |
| Re: Cocoa Vs Oil Palm: Which One Makes More Sense In Nigeria Today? by CaptainGo: 5:44pm On Mar 02 |
Emempaul:Interesting! One should seriously look into this |
| Re: Cocoa Vs Oil Palm: Which One Makes More Sense In Nigeria Today? by omartins(m): 5:51pm On Mar 02 |
Cocoa is prone to theft, from pre-harvest, harvesting, packing, transporting and sun drying. Palm Tree is safer than Cocoa. |
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