Browsing category
Canola was softer today, after losses yesterday that mirrored soybeans and made the two crops some of the most active on the commodity markets. Today, however, the American holiday might have held it up, as that side of the oilseed trade moved into a long-weekend mode where if nobody moves, nobody gets hurt. Asian palm […]
President Muhammadu Buhari with Senatore George Akume. Photo credit: Twitter. The senator representing Benue north-west at the Nigerian Senate, George Akume, says the farmers-herders crisis will not affect the chances of President Muhammadu Buhari in the state during the 2019 general election. Senator Akume made this comment on Friday after meeting with the president alongside some Benue All Progressives […]
Thursday, November 22, 2018 / 11:22 AM / United Capital The Central Bank of Nigeria (CBN) recently released an evaluation and impact assessment report on the Commercial Agriculture Credit Scheme (CACS) – a program that was established by the Federal Government of Nigeria to support the Agricultural sector through a […]
Former President Olusegun Obasanjo on Thursday restated commitment of the Zero Hunger Strategic Initiative to end hunger and achieve food security by year 2030. The former president made this known on Thursday at the Nigeria Zero Hunger Strategic Forum Meeting in Sokoto State. Obasanjo said that initiative, which would spread across the 36 states and […]
Torrid exports early in the crop year mean Agriculture Canada’s forecast of full year wheat exports of 22.3 million tonnes is in reach. Canada exported 5.44 million tonnes of wheat in the first 15 weeks of the crop year, which is likely a record amount for this time of year, helping to keep Canada’s overall […]
Zero Hunger Strategy Targets Six States To Ensure Food Security By 2030 Former President Olusegun Obasanjo has restated the commitment of the Zero Hunger Strategic Initiative to end hunger and achieve food security by year 2030. The former president made this known today at the Nigeria Zero Hunger Strategic Forum Meeting in Sokoto State. He […]
On November 22, Egypt purchased 240 KMT of milling wheat from Romania, USA & Russia to be delivered on January 10 – 20, 2018 at an average price of USD 252.97/MT C&F. The price in the previous tender equaled USD 252.56/MT C&F. The purchase included the following: Quantity, KMT Origin Shipper FOB ($) Freight ($) C&F […]
In recent weeks, the country has been alarmed by the stories and videos of retailers mixing dichlorovinyl dimethyl phosphate (DDVP) compound, a highly poisonous insecticide also known as Sniper, with raw beans meant for sale. The plan is to eliminate or protect from weevils. Thankfully, though, the relevant government agencies have risen up to the […]
Nigeria has no reason to experience food shortage beacuse of its abundant land,water and human resources, a don, Professor Babajide Matanmi has said. He said “given the required financial support for basic and applied agricultural research and political will by the government”, the nation’s research institutions could provide Nigerians with food security and self-sufficiency. Matanmi, […]
CBN Governor Godwin Emefiele hinted at the possibility of foreign exchange access being tightened for some items, as well as an expansion of its anchor borrowers scheme. The Governor disclosed this in remarks made at the Monetary Policy Committee (MPC) meeting held yesterday. “The committee urged the bank to extend the success recorded in the anchor borrowers programme too […]
French oilseed crusher Avril has put into operation the country’s first biofuel plant, which will only produce biodiesel, reports UkrAgroConsult. Biodiesel is usually blended with conventional fuels, but the company stresses that using “pure” biodiesel will cause lesser damage to the environment. It is added that Oleo 100 biofuel will only be made of rapeseed […]
Thursday, November 22, 2018 7.15AM / Ottoabasi Abasiekong, Proshare WebTV The Nigeria Stock Exchange in partnership with the Corporate Farmers International today hosted the maiden Financing Agricultural Commodity Value Chain seminar in Lagos. It was an opportunity for stakeholders in the agric sector to explore how the ecosystem, can be developed further to boost […]
block chain is an emerging way for businesses to make and verify transactions, using a digital ledger. As the block chain hype grows, stakeholders are testing the potential of the technology. AFEX Commodities Exchange Limited (AFEX Nigeria), Binkabi and Sterling Bank have established a digital block chain-based commodity trading and financing platform to boost agriculture. […]
Over the period under review (November 08-15), NYMEX WTI crude oil prices lost 7% reaching USD 56.46 per barrel on Thursday, reports UkrAgroConsult. OPEC reported that in October, countries of the cartel increased crude oil production by 127 thousand barrels per day. Saudi Arabia and the United Arab Emirates showed the largest growth, while Iran […]
Sugar production in Britain is expected to fall to 1,05 million tonnes this season, down from the prior season’s 1,37 million tonnes, Associated British Foods (ABF) said. British Sugar — the only British producer of sugar from domestic beet — said in its annual results statement that the decline was due to late drilling in […]