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The Federal Executive Council on Wednesday approved a concession of 20 of its 33 silos for private sector operators due to N6 billion. This was reported by the Minister of Agriculture and Rural Development Audu Ogbe, when he informed the correspondents of the State House about the results of the meeting of the federal executive […]
Poultry consumption in Vietnam, India, Indonesia and the Philippines (VIIP) has outperformed global growth in the past five years and is expected to continue growing through 2022, according to Rabobank’s industry report “Foodservice is the new growth driver” launched yesterday. The report found the growing demand for poultry is primarily driven by its relatively lower […]
The rice crisis has shown the inability of the National Food Authority (NFA) to stabilize the rice supply. Thus, the NFA should be abolished. ’We don’t need the NFA anymore,’’ Senator Sherwin Gatchalian said Friday even as President Duterte still has to announce the replacement of beleaguered NFA chief Jason Aquino. Gatchalian said the NFA […]
AUSTRALIAN grain growers will have greater access to the rapidly-expanding Indonesian feed grain market after successful negotiations between the Australian and Indonesian governments. The Indonesia-Australia Comprehensive Economic Partnership Agreement will now give grain growers a 500,000 tonne duty-free tariff rate quota for Australian feed grains imported into Indonesia, including feed barley, wheat and sorghum. GrainGrowers […]
The head of Audi Ogbe, the Minister of Agriculture and Rural Development recently in Lagos, made a solemn statement, but with a firm belief that by 2020 Nigeria will not only stop importing rice, but will also become a net exporter. CHIKA IZUORA, looks at the indices, which give an impulse to this position. I […]
American farmers have harvested about 5 percent of the total 2018 corn crop, the USDA’s latest Weekly Weather and Crop Bulletin says. That number is on par with last year’s progress at this time. On a state level, farmers in Texas are the furthest along. Growers in the state have completed 63 percent of their […]
Market Commodity Wholesale Retail Last Week Variance 19-Sep-18 Measure Price(N) Measure Price(N) P/Kg(N) W(N) R(N) W(N) R(N) Anchau Market, Kaduna State Beans (White) 100Kg 28,000 Tier 760 311 28,000 760 0 0 Garri (White) 50Kg 17,000 Tier 410 247 17,000 410 0 0 Groundnut (Edible) 120Kg […]
Iraq will cut irrigated areas it uses to plant wheat by half in the 2018-2019 growing season as droughts grip the country, a major grain buyer in the Middle East. “The shortage of water resources, climate change and drought are the main reasons behind this decision, our expectation is the area will shrink to half,” […]
The Export-Import Bank of Nigeria (NEXIM) has shown plans to provide N37bn for 36 federation states and the Federal Capital Territory (FCT) in order to stimulate the development of basic agricultural products for export. The bank noted that each state and FCT will receive N1b, but the money will be provided as an object at […]
Asian flour millers are expected to seek rare wheat shipments from Argentina in coming months as a second year of drought in traditional supplier Australia curbs supplies. At present, Asian wheat importers, including the world’s biggest buyer Indonesia, are buying most of their wheat from the Black Sea region. But Russia and Ukraine are expected […]
In an effort to increase the production of dairy products in Nigeria, the Dutch dairy company Friesland Campina announced its determination to invest about twenty-three million euros in dairy production in the country. Chief Executive Officer Hein Schumacher made a disclosure during a conversation with reporters after a meeting with Vice President Professor Emi Osinbajo […]
Singapore — South Korea’s ethanol imports rose 23.4% month on month to 27,972 mt in August, data released Thursday by the Korea Customs Service showed. Imports of undenatured ethanol rose 25.83% on month to 13,030 mt in August. Brazil was the biggest supplier of undenatured ethanol in the month, accounting for 52.46% of the total, […]
Chief Audu Ogbe, Minister of Agriculture The Minister of Agriculture and Rural Development, Chief Audu Ogbe and the President of the country, the Association of Poultry Farmers of Nigeria (PAN), Ezekiel Ibrahim, praised CHI Farms Limited and Zoetis for creating an ultramodern veterinary diagnostic center that was opened last Wednesday in Ibadan. Ogbeh, who was […]
Japan’s agriculture ministry has suspended exports of pork and wild boar following confirmation of the country’s first outbreak of swine fever in 26 years. The case was identified at a hog farm in Gifu. Swine fever, also known as hog cholera is different from the now prevalent African Swine Fever in China, though both diseases […]
Brazil’s policy of setting minimum freight rates has already cost traders around $1 billion in lost revenue and could cost farmers a further $4 billion, according to Frederico Humberg, CEO of Brazil-based trader AgriBrasil. Speaking at the Global Grains conference in Sao Paulo, Humberg told delegates that a final decision on legal objections to the […]