Nigeria is The World Second Largest Producer of Sweet Potatoes

Proshare

Wednesday, October 03, 2018 /09:15AM /FDC

 

Nigeria is the world’s second largest producer of sweet potatoes, with an annual output of 3.92 million tonnes. However, production is 44% below the potential capacity of 7 million tonnes.

 

This suggests an opportunity to boost domestic production and improve efforts to diversify the export base.

 

Meanwhile, Brent oil jumped to a 56-month high of $85pb underpinned by robust global demand and strong compliance with US’ sanctions on Iran. The domestic price of PMS in the US is now $2.87 per gallon and likely to increase before the midterm elections.

 

The attached slides summarises the events that took place in the domestic and global commodity markets this week.

 

Proshare Nigeria Pvt. Ltd.


 Proshare Nigeria Pvt. Ltd.

 

Related News

1.       Incessant Flooding Disrupted Distribution and Logistics of Farm Products in Middle Belt of Nigeria

2.      Global Price of Palm Oil Crashed by 12.9% to$623 per tonne in 2018

3.      Corn Prices Rose by 0.29% to $3.44 per Bushel; Driven by Weak US Corn Yields

4.      Flood and Disease Outbreak Would Affect Nigeria’s Cocoa Output and Push Prices Up

5.      Robust US Harvest to Fuel Concerns of Grains Oversupply

6.      Master Bakers Association Threatens to Increase The Price of Bread Due to Rising Costs of Inputs

7.      Weather Conditions in Top Producers Continue to Influence Grain Prices

8.     Restrictions on Russian Wheat Exports to Push Prices Up

9.      Higher Cocoa Production From Ivory Coast and Ghana Likely To Weigh On The Market

10. Nigeria is World Largest Producer of Cocoyam With An Output of 3.2mn Tonnes
READ MORE:
Related News
SCROLL TO TOP