Nigeria Is The Second Largest Producer of Tubers In The World

Proshare

Tuesday, November 27,  2018 / 04:43 PM / FDC                                

 

Nigeria is currently the second largest producer of tubers in the world with output level of 109.58mn tonnes after China (176.63mn tonnes). 

One of such tubers produced is yam of which Nigeria produces 44mn tonnes and accounts for 66.7% of global output. 

Nigeria’s comparative advantage in this commodity is on the back of its large population and low labour costs. 

However, Nigeria has the potential to produce between 80mn-100mn tonnes of yam annually. Achieving this feat will require surmounting challenges such as pastoral conflicts and terrorism. 

The slides below address these and other issues in the domestic and global commodities market.   


Proshare Nigeria Pvt. Ltd.


Proshare Nigeria Pvt. Ltd.


Related News

1.       Sugar Prices Down 2.66% After The USDA Projected A Sharp Increase In India’s Sugar Output

2.      NSE Partners Corporate Farmers to Host Maiden Financing Agric Commodity Value Chain Seminar

3.      Coffee Consumption in Nigeria Rose By More Than 20% Between 2010 and 2015

4.      Projected Increase in Russia’s Wheat Exports Could Push Prices Further Down

5.      AFEX,Binkabi and STERLNBANK Announce Integration Partnership Streamlining the Agri-Financing Process

6.      Global Grapefruit Output in 2017 was Approximately 6m Tonnes

7.      Trade Rhetoric From US and China Likely to Influence Direction of Grain Prices

8.     Strong Policies Needed To Stimulate Commodities Trading

9.      Commodity Prices Have Been Relatively Flat Since October


Proshare Nigeria Pvt. Ltd.

READ MORE:
Related News
SCROLL TO TOP