Tuesday, April 9, 2019 6:21PM / FDC
Cocoyam, primarily grown for their edible root possesses high nutritional values and multiple health benefits. The antioxidant activity and vitamins contained in its taro roots aids in boosting the immune system, improving muscle health, enhancing visions and eliminating dangerous free radicals from the body system.
Nigeria is the largest producer of Cocoyam with a total output of 3.2mn tonnes which is 30% of total global production (10.6mn) with Ebonyi, Ondo and Cross River being the major producing states. The world top consumers of cocoyam are Nigeria, Ghana and Cameroon where it is mostly consumed by lower and working class. This presents an opportunity for commercial investment in the production of cocoyam.
The slides below summarize the developments in the global and domestic commodities market.