Malaysian palm oil export to rise as price surges to a 16-month high in October
Kenneth Afor
October 31, 2019
By Kenneth Afor Malaysia, the second largest world producer of palm, on Thursday predicted that it could see a 16 month-high export of the edible oil in October. According to its palm oil futures on Thursday, the edible oil benchmark contract for […]
Industrial disruptions on the supply of copper in Chile, slow economic growth in China put the commodity in its worst period of global supply
Kenneth AforOctober 31, 2019
By Kenneth Afor The continuous disruptions to mining operations and delays in supply of copper from the world’s biggest producer of the metal, Chile and slow economic growth from China have contributed to weak global supply-demand in export of the commodity to countries. The mining crisis in Chile is seen to be the biggest […]
Cross River to buy up excess agro produce to check post-harvest losses
Ben EguzozieOctober 24, 2019
. As Nigeria’s post-harvest losses hit N2.7trn annually Cross River State government is promising that going forward it would buy up all excess agricultural produce from state’s farmers, particularly those in the state’s northern part, a key agricultural belt, to check incessant annual post-harvest losses. Noel Ugbong, senior special assistant to Governor Ben Ayade on Events Marketing, Content […]
Copper could suffer cut in global output if industrial unrest in Chile persist – Industry player
Kenneth AforOctober 24, 2019
By Kenneth Afor A multinational conglomerate in Chile, Antofagasta has warned that if industrial unrest persists, global output for copper could further depreciate to about 5,000 tonnes, an equivalent lower than 3 percent of third-quarter of 2019 production. Chile is the world’s largest producer of copper and with the signs of the unrest, there could […]
CBN disburses N35bn to boost fertilizer production, creates more windows for credit accessibility
Kenneth AforOctober 23, 2019
By Kenneth Afor The Central Bank of Nigeria (CBN) has disclosed that the sum of N35 billion has so far been disbursed to local fertilizers producers in the country since 2017 under the Presidential fertilizer initiative. The CBN further revealed in its financial stability report for 2018 that it has also created additional […]
China’s huge demand for soybean keeps commodity on three-months high in global markets
Kenneth AforOctober 10, 2019
By Kenneth Afor As uncertainty looms in finding a headway on trade negotiations between the United States and China, Chinese soybean buyers and consumers are not relenting as more soybean is been exported from the US into China for consumption and other uses. In August alone, about 19.5 million tonnes of soybeans were […]
Nigeria loses billions of dollars annually to illegal fishing activities – SOAN
Kenneth AforOctober 9, 2019
By Kenneth Afor The Ship Owners Association of Nigeria (SOAN) has lamented that the country was losing billions of dollars annually due to illegal fishing activities in the county’s coastline. This was disclosed on Tuesday in Abuja at the ongoing Global Maritime Security Conference. Margaret Orakwusi, chairperson of SOAN further hinted that fraudulent […]
Osun, IITA, private sector to collaborate on farming without hoes, cutlasses
Businessam StaffJuly 5, 2019
Osun State governmen is championing a collaborative programme with the International Institute of Tropical Agriculture (IITA) and private sector that would enhance mechanized agriculture in the state. This development is expected to boost productivity and move farmers away from unproductive usage of traditional farming implements such as hoes and cutlasses. This in turn will promote […]
NIHORT expedites action on improved tomato production, preservation
Businessam StaffMay 23, 2019
Abayomi Olaniyan, the executive director, National Horticultural Research Institute (NIHORT), Ibadan, has said that the institute is working tirelessly to ensure that there is sufficiency of tomato for the people of the country. He stated this while speaking with journalists shortly after the opening ceremony of a training and empowerment of unemployed youths on tomato […]
N364m rice farming loan: Defaulters on-the-run in Taraba
Businessam StaffMay 23, 2019
The 3,383 farmers who were beneficiaries of the N364million loan for rice farming in Taraba state have defaulted in payment, Tanko Bobbo Andami, the acting chairman, Rice Farmers Association of Nigeria (RIFAN) in the state, has said. In an interview, he said they collected the loan for wet and dry farming in 2018 and 2019 […]