WEEKLY AVERAGE COMMODITY PRICES

WEEKLY AVERAGE COMMODITY PRICE FOR WEEK STARTING 20/03/2017

Commodity  Present Price ₦ Previous Week ₦ Diff. ₦
Garri (White)                 187.50                     264.23 -76.73
Tomatoes (Cooking)                 675.00                     347.82 327.18
Onion (Violet)                 220.00                     213.77 6.23
Maize (White)                 137.50                     178.39 -40.89

Source: http://novusagro.com/

Stakeholders reject NBC defense on the issue of poisonous drink

 

Fanta and Sprite said to be poisonous when drank with Vitamin C

 

Stakeholder in the agricultural and food industry have criticized the Nigerian Bottling Company (NBC) for coming out to defend itself over the level of benzoic and sunset additives which was found in two the company’s product namely Fanta and Sprite

A judgment was given at the Lagos High Court where it was held that high levels of benzoic acid and sunset additives were found in the Fanta and Sprite drinks that being produced by NBC. The implication of this was that when these drinks became poisonous when consumed alongside vitamin  C.

NBC was not the company to be on the wrong side of the law as NAFDAC, (a regulatory body that is saddled with the responsibility of ensuring that food, drugs, and drinks passed through a quality check) got penalized by the court for declaring as fit for consumption, products discovered in the UK as turning poisonous when mixed with ascorbic acid which is also know as Vitamin C. A cost of ₦2 million was awarded against the NAFDAC.

NBC in a swift reaction to the issue denied that the drinks were poisonous. It issued a statement saying that “the UK standard limit benzoic acid in soft drinks to a maximum of 150 mg/kg. Both Fanta and Sprite have benzoic levels of 200 mg/kg which is lower than the Nigerian regulatory limit of 250 mg/kg when combined with ascorbic acid and 300 mg/kg without ascorbic acid and also lower than the 600 mg/kg international limit set by CODEX. Both benzoic acid and ascorbic acid (vitamin c) are ingredients approved by the international food safety regulators and used by many food safety regulators and used in many food and beverage products in the world.”

According to AgroNigeria, stakeholders in the industry rejected the defense of NBC

Fresh Tomatoes Arrive Lagos by Rail from Kano after 58 Years

 

 

For the first time in 58 years, tomatoes arrived in Lagos from Kaduna on Tuesday. The train which left Kano by 10am yesterday morning arrived at the Lagos terminal by 10 pm. This marked a major achievement by the Buhari government.

This was disclosed by Emmanuel Itoya Ijewere (who is one of Nigeria’s eminent businessmen with vast experience and interests across the banking, finance and agricultural sector) at the First Bank maiden Agric Expo 2017 which held at the Eko Hotels and Suites.

He thanked everyone who made it possible including the minister of Agriculture and went on to say it will be a weekly affair.

According to him, at ₦200,000 per tonne, the country lost 2.8 million tonnes of tomatoes in 2016. This put the total loss at ₦5.6 million due to poor storage facility

Emmanuel Ijewere was a former Chairman of Agriculture and Food Security Commission.

Weekly Average commodity Price for week starting 13/03/2017

 WEEKLY AVERAGE COMMODITY PRICE FOR WEEK STARTING 6/03/2017
Commodity Present Price ₦ Previous Week ₦ Diff. ₦
Garri (White)                     256.69                      256.12          0.57
Tomatoes (Cooking)                     367.32                     340.04        27.29
Onion (Violet)                    215.78                      221.28        -5.50
Groundnut (Unshelled)                     236.32                      231.06          5.26
Maize (White)                    176.96                      177.97         -1.01
Rice (Local)                    322.96                      317.40          5.56

source novusagro.com

FEDERAL GOVERNMENT PLANS TO REINTRODUCE CASSAVA BREAD INITIATIVE

According to the Minister of Agriculture and Rural Development, Chief Audu Ogbeh has said that the Federal Government plans to reintroduce the cassava bread initiative. This initiative will encourage the use of cassava in production and processing of food in the country. It is important to note that this initiative was first implemented in the Jonathan administration.

Ogbeh said though Nigeria was the largest producer of cassava in the world, the country was yet to fully explore and utilize the economic and industrial potential of the crop.

The minister also hinted that the FG was working with flour mills to get them to add 15% of the cassava in the wheat they milled

He was optimistic that the initiative will help save a lot of foreign exchange that is being used to import wheat into the country and also encourage cassava farmers to increase their productivity.

He charged Entrepreneurs to be ready to invest in agricultural processing industries such companies that processed flour, bread, and other Agro commodities

 

WEEKLY AVERAGE COMMODITY PRICES

 WEEKLY AVERAGE COMMODITY PRICE FOR WEEK STARTING 6/03/2017
Commodity Present Price ₦ Previous Week ₦ Diff. ₦
Garri (White)                     255.41                      249.38          6.03
Tomatoes (Cooking)                     351.49                      330.75        20.74
Onion (Violet)                     222.59                      226.96        (4.37)
Groundnut (Unshelled)                     233.56                      231.39          2.17
Maize (White)                     179.84                      178.03          1.81
Rice (Local)                     323.08                      319.56          3.52

Source:http://novusagro.com/

NEVER A DRY SEASON FOR BAUCHI RICE FARMERS AS STATE GOVT. HELP CULTIVATE 4000 HECTARES.

 

Governor Mohammed Abubakar (represented by the state commissioner of Agriculture and National Resources of Bauchi State during the 2017 Fadama III promised additional financing for dry season rice farming at Konkiyel village in Darazo local government area of the state.

He said the state planned to double its effort from 2016 (2,500 was cultivated in 2016) by assisting its farmers to cultivate more land and increase their output.

According to the Commissioner, Bauchi state was the only state in the North- East that was privileged with the mandate of the national FADAMA development project to produce rice and sorghum. He also said that the state government has approved the payment of its annual counterpart contribution of ₦35 million.

According to him, “the world bank through the National Fadama Development Project provided the sum of $200 million for the implementation of the Fadama III additional financing in some selected states, Bauchi inclusive. The objective of the additional financing is to boost dry season farming as well as increased the income of the land users on sustainable manner”.

Governor Abubakar went on further to say that his government has also paid ₦20 million counterpart fund for the national food security and livelihood emergency support under the same Fadama III project for the benefit of the Internally Displaced Persons (IDPs) that have chosen the state as their new home.

The Minister of Agriculture and Rural Development who was represented by one of the ministry members of staffs, Muhammed Yusuf said that the programme is a collaborative effort of the federal Government and the world Bank to scale up food production and generate employment for youths.

He said the government has given special attention to four staple crops which include rice, sorghum, cassava, and tomatoes. He encouraged states that have been identified with the potentials of producing any of these crops to take advantage of this opportunity by concentrating their strengths into the production of these crops as these will drive up their internal generated revenue (IGR).

 

AFRICA AGRI WEEK 2017

 

Come and be part of the Foremost African Exhibition & Conference For the Global Agriculture, Livestock, VETERINARY and Aquatic community

CONFERENCE INFORMATION

 

The global AgriWeek Exhibition and Conference Series which is for the agribusiness community takes place annually in Lagos, Nigeria. At this event, attendees will have the opportunity to

At this event, attendees will have the opportunity to showcase their products and services and network with over 1200 attendees from Nigeria, Africa and the rest of the World.

 

WHAT VISITORS CAN EXPECT:

  • Network with heads of agribusinesses, food, and agro-allied businesses, representatives of regional government authorities, distributors, resellers, importers, traders, investors and industry associations.
  • Connect with trading partners and investors from across the world.
  • Engage in conversations with more than 50 exhibitors, 1000 visitors, and 25 speakers.
  • Attend seminars, conferences, and business networking sessions.
  • Be part of a platform of commerce and innovation for the agriculture, aquaculture, poultry, livestock and veterinary stock.
  • Witness the launch of new products, showcase of the latest technology and machinery and meet new suppliers.

AFRICA AGRI WEEK AT A GLANCE

  • 100 Delegates.
  • 1000 Trade Visitors.
  • 300 Companies.
  • 25 Influential Speakers.
  • 50 Exhibitors.
  • Facilitated 1-2-1 Meetings
  • 2 Engaging Networking Lunches.
  • Free Seminar for the Public.

FOR MORE INFORMATION, VISIT www.africaagriweek.com

FG pumps ₦750 billion into the Agricultural sector.

The Federal Government has released ₦750 billion Agricultural Intervention Fund into the agricultural sector, this is in tune with the Federal Government goal to ensure food sufficiency.

This was disclosed by the Acting President, Prof. Yemi Osinbajo (who was represented by the Plateau State Deputy Governor) during his speech at National Institute for Policy and Strategic Studies (NIPSS) whilst inaugurating the Senior Executive Course (SEC) 39 held in Kuru, Plateau state. He went to further say that if the Government was serious about revamping the economy, the agricultural sector had to be developed.

According to him “ Developing the Agricultural Sector is a clear starting point of our request for not only the diversification of our hitherto noncultural economy away from oil, it is also the only economy to grow fast enough to absorb the huge number of people that are employed”. He noted that Nigeria has well over 84 hectares of land but 60% of these arable land remain uncultivated.

The VP also said that the country has the human capacity with over 180 million population, the local market is big enough to support agricultural production and at the same time provide a sustainable livelihood for the citizens.

 

The Director General of the institute (acting), Jonathan Juma said the theme of SEC 39 “Science, Technology and Innovation for the Development of Agriculture and Agro-Allied Industries in Nigeria” was important to the country when we consider the fear being speculated about possible food shortage in the country as well as low supply of agricultural raw materials to feed the emerging agro-allied industries in the country.

The Deputy Governor of Plateau said, “human population is increasing exponentially, while climate change with attendant implication for agricultural production is steering us in the face, the option to put in place a vibrant and robust science, technology innovation policy is imperative”.

 

Source: www.agronigeria.com.ng

PHOTO: SEGUN BAKARE

 

5 Reasons You Should Invest in Nigerian Agriculture

Agriculture is the back bone of human survival – it has been sustaining mankind over the ages. Without it, there will be no food to eat and no raw materials for our different industrial use. Through agriculture we can produce enough food for yourselves and to others who will readily buy from us and make us rich.

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