The $46.9bn opportunity Nigeria is failing to harness in rubber
Post AMUGE
January 6, 2025
Onome Amuge Nigeria’s vast potential for rubber production has failed to manifest into a significant position in the global rubber industry, with the country instead becoming increasingly dependent on rubber imports. Figures from the National Bureau of Statistics (NBS) underscore this concerning trend, revealing that Nigeria’s rubber imports ballooned from a staggering N631.1 billion in […]
Nigerian Cocoa: Troubled on different fronts
Onome AmugeSeptember 14, 2020
Onome Amuge Farmers, stakeholders on production plunge Nigeria’s leading agricultural export and cash crop, cocoa, has suffered a major setback as the commodity witnessed a shortfall while West African contenders in the cocoa export business, Côte d’Ivoire and Ghana, are enjoying a boom despite possessing lesser numbers of production hectares compared to Nigeria. The United […]
F.G commences distribution of genetically modified beans seeds to farmers in Kano State.
Kenneth AforOctober 10, 2019
By Kenneth Afor The federal government has commenced the first phase of the distribution of Genetically Modified Organism (GMO) of Nigerian beans seeds to farmers in Dawakin Tofa Local Government Area, Kano State. According to Ibrahim Umar Abubakar, executive director, Institute of Agriculture Ahmadu Bello University (ABU) Zaria said that this is an […]
Ivory Coast to keep cocoa output in check under new price plan
Businessam StaffJuly 11, 2019
Ivory Coast’s cocoa regulator said it will seek to maintain output of the beans at current levels even as the country and neighboring Ghana plan to boost farmers’ income by raising prices. The world’s two biggest cocoa producers are looking to jointly introduce a premium of $400 a ton, the so-called living-income differential, in an […]
Floods upset farm produce distribution, uptick seen in tomato, rice, beans prices
Temitayo AyetotoOctober 1, 2018
Continuous flooding in Nigeria’s Middle Belt has been a source of concern to players in the logistics chain of the agricultural business, upsetting distribution of farm products and causing an uptick in food price inflation, a Financial Derivatives Company report has said. The situation has stimulated price inflation in some relatively inelastic commodities such as […]
Cocoa price regulation: Ghana, Ivory Coast start next season
Temitayo AyetotoSeptember 12, 2018
Ghana and Ivory Coast have acceded to coordinate the announcement of bean prices with the opening of cocoa season in their bid to harmonise operations and boost producer profits margins, Cocobod, an industry regulator said on Wednesday. The two countries, which account for more than 40 percent of global cocoa supply, will jointly conduct a […]
China trims soybean import estimate by 10% as trade hiccups lingers
Temitayo AyetotoSeptember 12, 2018
China trimmed its soybean import estimate for 2018/19 by 10 percent on Wednesday as farmers reduce their application of the bean in animal feed on lingering trade hiccups between the country and the United States. The country equally raised its 2018/19 domestic soybean output forecast to 15.83 million tonnes from 15.37 million tonnes in August. […]
Reintroduction of Commodity Marketing Boards sketchy on market efficiency concerns
Temitayo AyetotoSeptember 3, 2018
The federal government is tinkering a return to a knitted trading system governed by marketing boards as part of its efforts to fill the vacuum in commodities price control and production adherence to quality standards. But stakeholders do not see this responding to the current demands of an efficient market. The structure, they believe, is […]
Nigeria to start export of dry beans, peas
Temitayo AyetotoAugust 29, 2018
Nigeria will begin the production of dry beans and peas, also called pulses, for export to India next year, Audu Ogbeh, the minister of Agriculture and Rural Development said on Wednesday at a conference in Abuja. The minister said more efforts were being harnessed towards encouraging organic agriculture for the production of the produces, noting […]
NEPC Equips Exporters with Export Guidelines to End Rejection of Nigeria’s Dried Beans
Temitayo AyetotoAugust 20, 2018
The Nigerian Export Promotion Council (NEPC) has launched an export guideline document to equip Nigerian dried beans and beans product exporters to put an end to the high level of reject at the global market. The Executive Director and Chief Executive Officer, NEPC, Mr. Olusegun Awolowo, explained that the purpose is to guide value chain […]