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AgroBusiness Times

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Edo To Slash Price Of Food Stuff At Food Fair

Edo State government has promised to provide residents in the state a blissful Christmas celebration as it planned to slash prices of food stuff at its first Food and Agro fair. It said 50kg of rice and other farm produce would be sold at reduce prices at the fair. State commissioner for Wealth Creation, Cooperative […]

What Nigeria needs to worry about, says Obasanjo |

• Sultan Wants More Funds For Research And Extension ServicesFormer President, Chief Olusegun Obasanjo, has said that Nigerians should be worried of the nation’s changing demography, economic stagnation and retrogressing agricultural production. The elder statesman said this at the just concluded Nigeria Zero Hunger Forum (NZHF) held in Sokoto. He noted that by 2050, the […]

Nigeria can earn N4trn on seed yam annually

The Chairman of Technical Committee on Nigerian Yam Export Programme, Prof. Simon Irtuwange, has said the country could earn N4.01 trillion on seed yam annually if it adopts Aeroponics system. Our correspondent reports that Aeroponics enables farmers to plant yam in the air without the use of soil, a system developed by the Yam Improvement […]

ASBON tasks government on import prohibition law implementation |

The Federal Government has been urged to implement its import prohibition law on agricultural produce, in order to encourage farmers, boost production and maximise profit. The use of import prohibition as a policy in the country was designed to promote local industry, provide employment among others.  National President, Association of Small Business Owner of Nigeria […]

‘How Nigeria can make cocoa, cashew to replace dependece on oil revenue’ |

In this interview with FEMI IBIROGBA, Head, Agro-Economy Desk, DR OLAYIWOLA OLUBAMIWA, the Director/Chief Executive of the Cocoa Research Institute of Nigeria (CRIN), Ibadan, Oyo State, (with the mandate covering cocoa, cashew, coffee, kola and tea) explains the challenges of cash crop production, especially cocoa, to include absence of a board and poor value chain […]

U.S. wheat prices competitive in global marketplace

U.S. wheat prices are lower than those of competing countries, but experts say it’s still a tough export market. Market analyst Stephanie Bryant-Erdmann cites International Grains Council data, saying U.S. wheat is now a better value than that of all major competitors, with U.S. soft red winter wheat at $216 per metric ton, $10 per […]

Australia cuts wheat harvest forecast to 10-year low

 Australia  has lowered its wheat production forecast by 11% to the smallest in a decade amid a crippling drought across the country’s east coast that may cut exports from the world’s fourth biggest supplier. Wheat production during the 2018/19 season will total 16.95-million tons, the Australian Bureau of Agricultural and Resource Economics and Sciences (Abares) […]

EU, Oxfam, DEC partner Taraba on food security |

Justin TALLIS The European Union (EU), Oxfam in Nigeria, Development Exchange Center (DEC) and the Taraba State government are collaborating on a new initiative aimed at increasing the productivity and income of farmers in the state. The project, launched in Jalingo, will target about 300,000 people in 30,000 farming households in Donga, Wukari, Ardo Kola, […]

AGRA invests $30m to boost quality seeds |

Kehinde Makinde To increase productivity of Nigerian farmers, the Alliance for Green Revolution in Africa (AGRA) has invested about $30 million in good quality seeds in Nigeria. The Country Representative of AGRA, Kehinde Makinde, disclosed this in Abuja during an exploratory meeting on the sustainable Foundation Seed Supply in Nigeria, organised by AGRA, in partnership with […]

Presco bags 2018 agric company award |

[FILE PHOTO] Farm land A key player in the agricultural sector of the Nigerian Stock Exchange (NSE), Presco Plc, has emerged winner of the Agriculture Company of the year 2018. At a ceremony at Eko Hotels in Lagos, the Board of Governors of Pearl Awards, organisers of the event, also announced the Managing Director of […]

Brazilian mills turn sour on sugar, betting on ethanol

Brazilian sugar companies are increasing their capacity to produce ethanol in the face of depressed global sugar prices and government policies expected to boost demand for the biofuel. A shift to ethanol in the 2018-19 season slashed Brazil’s sugar output by 9 million tonnes to a 12-year low and more switching to the biofuel next […]

Battered U.S. soy gets bullish jolt as door to China reopens

 Soybeans weren’t on the menu, but it looks like President Donald Trump’s dinner date in Buenos Aires with his Chinese counterpart Xi Jinping gave the market the jolt it’s been desperately looking for. Futures jumped after trading in Chicago began on Sunday. The White House said in a statement that China will start buying U.S. […]

Enabling farmers to improve prosperity

Promoting rural prosperity is key to Nigeria’s future.The World Bank is working with states to drive rural development using agriculture, DANIEL ESSIET writes. The World Bank’s partnership with Nigeria is geared towards creating jobs and promoting prosperity for all, including those who live and work in the rural communities. Through its programmes, the bank has […]

Edo Food, Agro Fair Begins Dec. 10, Says Govt

…agro produce to sell at lower prices The Edo State Government has said that its Food and Agro Fair will hold in Benin City, the state capital, from December 10 to 20 and will ensure that farmers sell food items directly to consumers at affordable prices during the Yuletide season. Commissioner for Wealth Creation, Cooperatives […]

Nigerians in diaspora urged to invest in Agriculture

The Federal government has urged Nigerians in diaspora to invest in Agriculture in a bid to collectively diversify the economy and provide jobs for teeming Nigerian youths. The minister of Agriculture minister, Audu Ogbeh, who disclosed this in Abuja, said Nigerians in Diaspora need to take advantage of the limitless investment opportunities in the sector. […]