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AgroBusiness Times

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CBN explains reduction in foreign reserves

Says it has nothing to do with politics Emma Uca, Head of the Bureau of Abuja The recent decline in the country's foreign reserves has nothing to do with current political activities, said the Central Bank of Nigeria, CBN. The director of corporate affairs, CBN, Isaac Okorafor, who announced this yesterday, explained the reduction by […]

Kano to harvest three million tonnes of rice

About three million tons of rice will be produced this year in Kano, said Deputy Governor Nasir Yusuf Gavuna. Gawuna made it known to reporters while evaluating the achievements of the Ministry of Agriculture. Gawuna, who oversees the ministry, said the state has registered a huge increase in the yield of rice and other grains […]

Zimbabwe. El Nino fears worry grain millers

GRAIN millers have expressed fears that the El Nino effect projected to affect the country in the coming summer cropping season will have adverse effects on grain production and possible affect stocks. Grain Millers Association of Zimbabwe (GMAZ) chairperson, Mr Tafadzwa Musarara, said this while addressing journalists in Bulawayo last Thursday. He said the milling […]

How Nigeria Is Under-utilizing Agricultural Potentials

Image: DW The low level of mechanization is responsible for poor agricultural product in Nigeria, said Dizengoff Nigeria Antti Ritvonen, Chief Executive Officer / Country Manager. Ritvonen also complained about the use of raw implements by farmers in the country, stressing that the arable lands of Nigeria are not used at their discretion. According to […]

Indonesia to import 1m tonnes of rice from Pakistan

Indonesian Ambassador in Pakistan Iwan Suyudhie Amri said on Thursday that an agreement would soon be signed to export one million tonnes of rice from Pakistan to Indonesia by 2019. He said work was underway to devise a mutually acceptable mechanism. Addressing the members of Multan Chamber of Commerce and Industry (MCCI), he invited the […]

USDA reports not expected to shake up corn, soy and wheat markets

Corn, soybean and wheat futures in the United States are awaiting the latest U.S. Department of Agriculture (USDA) reports, but traders aren’t expecting the reports to much of an effect on prices. The USDA releases its quarterly grain stocks and small grains summary reports on Friday, Sep. 28. “It basically wraps up the 2017-18 crop […]

Indonesian 2018 palm output forecast at 40 mil T

Indonesian palm oil production is expected to hit 40 million tonnes in 2018, up from an earlier forecast of 38.5 million tonnes, industry analyst Dorab Mistry said on Friday. “The expansion of palm plantings in Indonesia has been much higher than expected,” said Mistry, according to a copy of his presentation at the Globoil industry […]

new opportunities and threats in the conditions of global market transformation

On September 20, at the start of a new oilseed season, major oilseed sector representatives already traditionally gathered in Kyiv, at Hilton Hotel, to participate in the VI International Conference “Black Sea Oil Trade-2018” organized by UkrAgroConsult. The general sponsor of the conference was the US company ST Equipment & Technology. Global transformations are underway […]

‘Agric finance schemes too complex for Nigerian farmers’

Antti Ritvonen In this interview with FEMI IBIROGBA, Chief Executive Officer / Country Manager of Dizengoff Nigeria, Mr. Antti Ritvonen, it turns out what government, farmers and politicians can do to restore Nigeria in its glory to be a leading producer and exporter of food. Read the excerpts: Nigeria was a leading food producer before […]

PAN, AFAN list ways to end food smuggling, import

Kabir Ibrahim Competitive food production, youth involvement in agriculture, technology adoption and mobilization of resources in the agro-industrial industry were proposed as a means of stopping high bills for food imports and smuggling. The Presidents of the Birds Association of Nigeria (PAN), Ezekiel Ibrahim Mom and the Association of All Farmers of Nigeria (AFAN), Mr. […]

Canada. Cattle producers eyeing feed grain prices

Feedlot operators have had a very strenuous spring and summer. Margins have been hovering in negative territory while feed barley prices have been percolating higher. Feeder cattle prices are actually higher than year-ago levels despite the strong feed grain prices and a year-over-year increase in the U.S. calf crop. The Canadian dollar has been trading […]

Brazil to import 1 mln tonnes of soy from U.S.

Brazil, the world’s No 1 soy exporter, is expected to import around 1 million tonnes of the oilseed in coming months from its largest global competitor, the United States, as local supplies dwindle, according to Sao Paulo-based grain trader Agribrasil. It would be the first time that the South American nation, an agricultural powerhouse, needs […]