16,000 small scale farmers to benefits from IFAD’s project in Montenegro

The International Fund for Agricultural Development (IFAD) and Montenegro has signed a financial agreement to launch a project to transform the lives of over 16,000 smallholder farmers. A statement on the agency’s website reveals.

The project tagged “Rural Clustering and Transformation” (RCTP) project will be the first that IFAD has supported since Montenegro became a Fund member in 2015.

The agreement was signed by the President of IFAD Gilbert F. Houngbo, and the Minister of Finance of Montenegro, Darko Radunovic.

According to the statement, “The aim of the new project is to help farmers become more competitive economically and resilient to the effects of climate change. In addition to financing, poor rural people need experience, skills and knowledge management which will be the focus of IFAD’s intervention” .

“The total cost of the project is Euro 13.61 million, of which IFAD is providing a Euro 3.88 million loan and a Euro 1.88 million grant under its adaptation for Smallholder Agriculture Programme (ASAP). Other cofinanciers are: the Government of Montenegro (Euro 4.3 million), the beneficiaries themselves (Euro 1.33 million) and participating small and medium enterprises (Eur 0.6 million)” it added

Commenting on the agreement, IFAD’s Country Programme Manager for Montenegro Annabelle Lhommeau noted that transformation of rural areas and providing new opportunities is crucial to addressing inequality and migration.

“Small farms are important to Montenegro and the project will help them increase productivity and adapt to climate change.” He added.

The project will focus on rural areas in the northern mountainous region, where farmland is mostly over 600 metres above sea level. Berane, Bijelo Polje, Mojkovac, Niksic, Petnijica, Svnick and Zabljak are the counties that will initially be involved.

 

Culled from: https://agronigeria.com.ng/16000-smallholder-farmers-benefit-ifads-project-montenegro/

How To Export Charcoal Abroad From Nigeria

 

 

 

 

 

 

Everyone wants to make money but not everyone can get dirty (yeah you heard me right). If I were to ask you if you wanted to make money, you will definitely yes, after all everyone want to be rich, but if I asked can start a charcoal business, only God know what your answer will be. If I were to say for every bag of charcoal you export, you will get some dollars, I am sure I will get a more favorable response (from a few people though).

The charcoal industry in Nigeria is a multi-billion industry which attracts some degree of grants from the government in order to sustain it.

In order to start exporting Charcoal, you need the following;

  1. Have some capital to start.
  2. Register your business with CAC.
  3. Meet the exporting requirements from the government regulatory agencies on charcoal export business.
  4. You need to be equipped with the rudiments of the principles that guide Charcoal export.
  5. Search for foreign buyers
  6. Get a steady supplier to ensure that you do not run out of supplies due to an increase in demand.
  7. Follow the global pricing of the Charcoal and know where it is needed the most so as to establish contacts in those countries.

Before you Export your Agricultural Products

 

Image result for agricultural exports in nigeria

 

The Nigerian Export Promotion Council which is an agency of the Federal Government is constantly encouraging Nigerian businessmen, agriculturalists, and industrialist to export more non-oil products. They below by doing this, they will be able to increase the country’s export index, create jobs and in the long run stabilize Nigeria’s economy.

Nigeria’s economy for decades been over dependent oil exports which have been the major contributor to the Nation’s GDP. Now, the government wants to change that by encouraging Nigerians to go into Agriculture.

But you just don’t get up and want to export agricultural products without following the steps below,

  1. CARRY OUT A SURVEY/ RESEARCH
    • You will need to carry out a research on how to export agro-allied products.
    • Carry out a research on agro-allied products that are in High demand.
    • How do you establish foreign contacts?
    • Which mode of transportation should you adopt?
    • What are the legal requirements?
  2. REGISTER YOURBUSINESS
    • Before you can trade in Nigeria, you will need to register your business with the Corporate Affairs Commission (CAC).
    • Foreigners will only transact business that is legally registered according to the laws of Nigeria.
    • Create a website for your business detailing what products you specialize in.
  3. SEARCH FOR YOUR PROSPECTIVE CLIENTS.
    • Attend networking events (Seminars and Conference) that are built around agro- allied products and agriculture.
    • Cold call prospective clients and also send emails out.
    • Search for exporting companies in Nigeria.
    • Advertise your business on google, online news platforms, and social media.
    • List your business in the local agro- allied directory.
  4. A completed form of NXP issued by Nigerian Custom Service
  5. A pro forma invoice
  6. Sales Agreement and NEPC Registration Certificate.
  7. Relevant Certificate of Quantity which is being issued by the relevant agencies.
  8. Shipping document like the bill of exit, bill of landing.

For agricultural needs, you can contact us at Tinker and Bell Trading Ltd.

Source: http://chibykeglobal.com/blog/nigerian-farmers-can-export-agricultural-products/

 

USDA DATA TENDS TO BE BEARISH FOR FARM MARKETS

 

 

 

 

 

April17WASDE

 

On Tuesday 11/04/2017, the U.S soybeans and wheat ending stocks were larger than the trade expected, with South America’s crop getting bigger by the day.

According to the April Supply/ Demand Report, the USDA left the U.S. corn stocks unchanged at $2.32 billion.Based on this report, the CME Group’s farm futures prices closed mostly weaker but off their daily lows.

At the close of business, May corn futures settled 1/2 ¢ lower at $3.66 1/2, while December futures finished 1/4¢ lower ar $3.90 1/2. May soybean futures finished 2 1/2¢ lower at $9.39 1/4. May wheat futures closed 4 1/2¢ higher at $4.33 1/4.

May soy meal futures settled $0.20 per short ton higher at $309.30. May soy oil futures closed $0.28 lower at 31.07¢ per pound.

In the outside markets, the Brent crude oil market is $0.21 per barrel higher, the U.S. dollar is lower, and the Dow Jones Industrials are 45 points lower.

Jack Scoville, The PRICE Futures Group’s senior market analyst, says there is nothing in the U.S. data that is really out of line with expectations.

“Corn actually is a little below guesses and beans dead on. Wheat a little higher. But the world data is big, especially for beans, and I think that is driving the markets lower,” Scoville says.

He adds, “The beans and corn increased in both Argentina and Brazil are the tickets to the price action here, and the big beans are the big thing. World ending stocks up a lot, reflecting slightly underestimated production in the U.S. and the big jumps and Brazil and Argentina and perhaps a reduction in demand maybe from China.”

Jason Roose, U.S. Commodities, says that this report means more price pressure for ag commodities.

“No real big surprises on today’s monthly report. What this report continues to do is confirm that there is no shortage of grain. Larger South America corn and bean crop increasing the world ending stocks for the grains adding pressure to the prices,” Roose says.

 

 source: http://www.agriculture.com/news/crops/usda-data-seen-as-bearish-for-farm-markets

Customs stops rice through Free Trade Zones

 

Image result for col. hameed ibrahim aliImage result for rice smuggling

 

The Comptroller General of Customs (CGC), Col. Hammed Ali (Rtd) has issued a directive to restrict the exit of rice from the Free Trade Zone (FTZ) into the country’s market as Customs is tackling with rice smuggling through the land borders.

According to Mr. Joseph Attah, the  Nigerian Customs Services spokesman, in an interview with Daily Trust said that a total of 136,506,50kg bags of rice have been seized by the customs. “in the last one year, we have made a seizure of 250,825 bags with a Duty Paid Value (DPV) of over ₦1 billion on just rice alone. Again, in the last three months alone, the Compliance Team led by Assistant Comptroller of customs, Musa Jalo, made a seizure 921 bags,” he revealed.

According to the Daily Trust reports that the Nigeria Export Processing Zones Authority (NEPZA) approves 32 of such zones imported items can be reproduced, repackaged and exported.

According to the NEPZA site, 14 zones out of the 32 zones are operational while the remaining 18 are under construction or are in the process of being developed. Some of the operational zones include Lagos Free Trade Zone (LFTZ), Banki Border Free Zone (BBFZ)- Borno, Calabar Free Trade Zone (CFTZ), and Kano Free Trade Zone (KFTZ).

Attah condemned smuggling activities as he said people must see it as a national crime, he also urged rice millers and other stakeholders to provide more information on smugglers’ activities, desist from patronizing smuggled items, and help the Nigerian Customs in apprehending culprits.

 

 Source: www.dailytrust.com.ng

Weekly Average Commodity Price For Week Starting 10/04/2017

 

Weekly Average Commodity Price for week starting 10/04/2017
Commodity Present ₦ Past ₦ Diff. ₦
Garri (White)     125.00 274.13 -149.13
Tomatoes (Cooking)     700.00 343.44     356.56
Onions (Violet)     240.00 186.31        53.69
Maize (White)     165.00 183.41 -18.41

Source: http://novusagro.com/

WEEKLY AVERAGE COMMODITY PRICE FOR WEEK 03/04/2017

WEEKLY AVERAGE COMMODITY PRICE FOR WEEK STARTING 03/04/2017
Commodity Present Price ₦ Previous ₦ Diff. ₦
Garri (White) 230.56 271.37 -40.81
Tomatoes (Cooking) 366.25 330.7 35.55
Onions (Violet) 165.00 205.31 -40.31
Maize (White) 159.67 191.58 -31.91
Rice (Local) 432.69 335.84 96.85

 

 

 

 

source:http://novusagro.com/

WEEKLY AVERAGE COMMODITY PRICE FOR WEEK STARTING 27/03/2017

 

 

WEEKLY AVERAGE COMMODITY PRICE FOR WEEK STARTING 27/03/2017
Commodity Present Price  ₦ Previous ₦ Diff. ₦
Garri (White)  188.71  273.00 -84.29
Tomatoes (Cooking) 374.17 333.97 40.2
Onion (Violet) 217.06 205.2   11.86
Groundnut (Unshelled) 282.69 244.58 38.11
Maize (White) 157.13 182.19 -25.06
Rice (Local) 301.25 328.11 -26.86

Source:http://novusagro.com/

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/