• editor.aipublications@gmail.com
  • Track Your Paper
  • Contact Us
  • ISSN: 2456-8635 (NAAS Rating: 3.43)

International Journal Of Horticulture, Agriculture And Food Science(IJHAF)

Gross Margin Analysis of COCOA Bread Production

Shittu T. R , Yahaya A. T , Ogunjobi M.A.K


International Journal of Horticulture, Agriculture and Food science(IJHAF), Vol-1,Issue-2, July - August 2017, Pages 18-21,

Download | Downloads : 8 | Total View : 1514

Share

Gross margin analysis of cocoa bread production in CRIN with a view to establishing its profitability was examined. A well-structured questionnaire was administered on 100 randomly selected respondents. Three investment parameters, Benefit Cost Ratio (BCR), Net Present Value (NPV) and internal rate of return (IRR) were also used. Distribution of the respondents according to age revealed that people within the age bracket of 31 – 40 years and 41 – 50 years represents the larger percentage of Cocoa Bread consumer in the study area. Results also indicate Gross Return on CRIN Bread production for the period of study was found to be N2, 889,880 and the total variable cost was N1, 855,400. A positive NPV value, a BCR of 1.142 and an IRR of 38.82% indicate that Cocoa Bread production is worthwhile.

Cocoa bread, Gross margin, variable cost, questionnaires.

[1] Ahmad, M. (1978): The Economic Analysis of Projects. Agricultural Extension and Research Liaison Services; A.B.U. Zamaru, Zaria.
[2] Akoroda, M. O. (2012): Repositioning Nigeria’s Agriculture through Cocoa Rebirth. College of Agriculture Distinguished Annual Lecture Series, Osun State University, Osogbo, Osun State, Nigeria held on 27 November. 2012.
[3] Anandarup (1984): Cost Result Analysis Issues and Methodologies. A World Bank publication. The John Hopkang, University Press Baltimore, Maryland 21218.U.S.A.
[4] Aroyeun, S. O., Shittu, T. R., Yahaya, A. T., Sowunmi, F., Odunmbaku, L. A., Okelana, F. A., Akoroda, M. O., (2013): Green Tea Processing in Nigeria and its economic implication. Global Advance Research Journal of Management and Business Studies (ISSN – 2315 – 5086) Vol. 2(1) pp 050-055 Jan. 2013.
[5] Cooper, K; Donovan, J., Waterhouse, A and Willisamson, G (2008). Cocoa Health Adecade of Reasearch. Br.J Nur., Pp. 99-111.
[6] Erhabor and Kalu (1993): Economic Appraisal of Proven Technologies of On- Farm Adaptive Research (OFAR) Results. 1987- 91. Benue State Agricultural and Rural Development Authority Markurdi.
[7] Gittinger, J. P. (1972): Economic Analysis of Agricultural Projects. The John Hopkins University Press. London. Pp 299-362.
[8] Pomeranz, Y. and Shellenberger, J. A.(1971):Bread science and technology. An AviPub.Co., Wesport, Conn.
[9] SivasekariBalasubramanian (2007): Quality of Breads from Hard Red Winter Wheat and Hard White Winter Wheat. A Thesis submitted to the University of Georgia.
[10] Stanley P. Cauvin and Linda S. Young (2006): Baked Products: Science, Technology and Practice. Blackwell Publishing Ltd, 9600 Garsington Road, Oxford OX4 2DQ, UK. ISBN-10: 1-4051-2702-3; ISBN 13: 978-1-4051-2072-8.
[11] Yahaya, A. T; Taiwo, O; Shittu, T. R; Yahaya, L.E. and Jayeola, C. O. (2012). Investment in Cashew Kernel Oil Production: Cost and Return Analysis of Three Processing Method. American Journal of Economics 2012 2(3): 45 -49. doi: 10 5923/j.economics 2012020304.
[12] Vicki S(1997) Bromate Analysis, Food Sci Technol. Bull Publications.
[13] ICCO (2004) Annual Report of the International Cocoa Organization 06 BP 1166 Abidjan 06 Côte d'Ivoire
[14] Ding EL, Hutfless SM, Ding X, Girotra S.(2006). Chocolate and prevention of cardiovascular disease: a systematic review. Nutr Metab (Lond). 3;3:2
[15] K. Hollenberg, Norman (2006). Vascular Action of Cocoa Flavanols in Humans: The Roots of the Story. Journal of Cardiovascular Pharmacology: 4 :S99-S102