Nigerian rice farmers receive N44bn to add 2m metric tonnes to annual output in 2018
Businessam Staff
March 14, 2018
Nigeria’s central government says it has disbursed about N44 billion, about $122 million, to 300,000 rice farmers across the country in efforts to raise annual rice output by an additional two million tonnes this year, Aisha Al-Hassan, the minister of women affairs and social development has said. The minister who spoke at the ongoing 62nd […]
US rain prospects dampen wheat bull run
Temitayo AyetotoMarch 14, 2018
Drought in 76.7 percent of Kansas, the top wheat-growing state in the United States has been a major boost to wheat prices, particularly in the US, according to official data. In fact, it had earlier been predicted that wheat production areas would receive little rain, which had made wheat prices firm in the market. “US […]
Wheat, Soybeans futures firm gains on US adverse weather report
Temitayo AyetotoMarch 13, 2018
U.S. wheat futures edged higher Tuesday as the U.S. Department of Agriculture said production in a key-growing region was hit by adverse weather last week just as corn edged higher, extending gains into a second session. Soybeans also firmed despite fears about potential curbs in Chinese demand for U.S. supplies. The most active wheat futures […]
Grain, soyabean prices drop on US tariff concerns
Businessam StaffMarch 12, 2018
Grain and soyabean markets faced selling late last week amid worries about potential retaliation by countries affected by the Trump administration’s tariffs on steel and aluminium imports. Funds were estimated net sellers of 10,500 contracts on corn, 19,000 soyabeans and 7,000 wheat contracts on Friday, according to brokers Allendale. “The concern is when there will […]
Grain futures begin soft on weakening fund data
Temitayo AyetotoMarch 12, 2018
Grain futures started this week much where they ended the last one, on the back foot. The dollar obliged bulls by easing a touch, by 0.2% against a basket of currencies, so making dollar-denominated exports such as many commodities a touch more affordable. And weather risks are still live with, in the US Plains where […]