Coffee output may rise 2-3m bags yearly in Africa as countries recover from conflicts
Goddey Odin
February 15, 2018
African Fine Coffees Association said coffee production output could almost double in the next five years in the black continent as some countries boost plantings and make farming more productive. Ishak Lukenge, the association chairman, said in an interview in Kampala, Uganda, according to Bloomberg, that, production could rise by between 2 million and 3 […]
Nigerian Senate moves to ban importation of palm oil
Businessam StaffFebruary 13, 2018
The Nigerian Senate has called for a ban on the importation of palm oil, palm kernel and other products of the cash crop. The lawmakers during plenary on Tuesday urged the Federal government to impose a ban on products of the cash crop following the adoption of a motion moved by Senator Francis Alimikhena (Edo-North), […]
Nigeria’s southwest loses 750 metric tons of cocoa to dieback disease
Businessam StaffJanuary 30, 2018
Cocoa farms in southwestern Nigeria, the country’s main growing region, have been bitten by outbreaks of a fungal disease identified as dieback, which causes plants to wither and die. “The trees are drying off from their tops and progressively through the stems and down to the roots,” said Sola Akingbade, a farmer based near the […]
World wheat output to fall in 2018-19 for first time in six years
Businessam StaffJanuary 22, 2018
World wheat production will fall in 2018-19 for the first time in six years, the International Grains Council said, even as it ditched ideas of a decline in the latest harvest, thanks to upgrades for the likes of Australia and Russia. The intergovernmental group, in its first forecast for wheat output next season, pegged it […]
Cassava production to hit 2mmt in 2018 if additional 100,000ha is cultivated —NCGA
Ajose SehindemiJanuary 18, 2018
Nigeria Cassava Growers Association (NCGA) has said the cultivation of additional 100,000 hectares for cassava production will increase production to two million metric tonnes (MT) in 2018. The association said the two million MT would be possible if the Nigerian Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL) accept and act on their proposal for […]
Nigeria earns $402m from cashew export
Businessam StaffJanuary 16, 2018
National Cashew Association of Nigeria (NCAN), said on Monday that the country earned $402 million (N144.7 billion) from the export of raw cashew nuts to Vietnam and other countries in 2017. Sotonye Anga, the spokesperson for the association, said in an interview in Lagos. Anga said that 220,000 tonnes of raw cashew nuts were exported […]
Ghana seeks $750m loan to replace diseased cocoa trees
Businessam StaffDecember 5, 2017
Ghana’s cocoa regulator plans to raise $750 million in loans to finance the replacement of almost half of the trees that produce the crop in the country because they are either old or ridden with disease. Bloomberg reports that Ghana Cocoa Board wants to cut down more than 400,000 hectares (988,431 acres) of trees over […]
India’s coffee exports up 8% in 11-months
Businessam StaffDecember 4, 2017
India’s Coffee exports rose by 8.0% to 3.61 lakh tonnes in January-November 2017 compared to 3.34 lakh tonnes in the same period of last year, according to the Coffee Board. Italy, Germany, and Russia were the major export destinations for Indian Coffee during the period. India ships both robusta and Arabica varieties, besides instant Coffee. […]
India sets curbs on onion exports as prices surge
Businessam StaffNovember 23, 2017
India set a minimum price of $850 per tonne for an overseas sale of onions, a government order said on Thursday, as the price of the politically-sensitive vegetable surged to its highest in two years in the local market. Traders cannot export onions below $850 per tonne until the end of 2017, the order said. […]
Ivory Coast to allow cocoa farms in some protected forests
Businessam StaffNovember 17, 2017
Ivory Coast, the world’s top cocoa producer, plans to legalize farming on almost 5 million acres (2 million hectares) of protected reserves to help balance the rebuilding of forests with output of its most important export. Unauthorized farming has destroyed three-quarters of 66 identified reserves and the government wants to reclassify these areas as “protected […]