Wednesday, April 18, 2018 /09:35AM / FDC
Coffee is widely consumed in Scandinavian countries where the sun never sets in the summer (land of the midnight sun). However, Nigerians consume 850 tonnes of coffee (only 0.01% of global consumption). Chocolate drinks and tea remain the top beverages.
Interestingly, shrimps and prawns are Nigeria’s third largest agricultural export with minimal multiplier effect. Trawling is expected to grow exponentially in the years ahead as oil pollution is drastically reduced in the Niger Delta.
1. Corn Futures Traded Flat at $3.98 per Bushel
2. Improved Wheat Production: An Aid to Nigeria’s Diversification Strategy
3. Nigeria Produces 461,000mt of Sesame Seeds a Year
4. Nigeria is World Second Largest Producer of Cashew Nuts
5. Urban Retail Price Tracker - Strong Demand Push Commodity Prices Up
6. Commodities Markets Diverged From Stock Markets and Inched Upwards
7. Domestic Commodity Prices Such as Rice (10%) Have Increased In The Days Leading Up To Easter
8. Nigeria is the Largest Producer of Yam in the World, With an Annual Production of 44.1 MT
9. Cocoa Prices Down Slightly by 0.04% to $2,557 per MT
10. Nigeria Produces 250,000 Tonnes Of Coconut Annually and is Ranked 18th in the World
11. Nigeria Aggregate Demand for Rice In Excess Of 6mn Tonnes
12. Nigeria Produces 3.93MT of Sweet Potato; The Largest Producer in SSA