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The notion that water is plentiful — it covers 70% of the planet — is false, as only 2.5% of all water is freshwater. This limited resource will need to support a projected population of 9.7 billion in 2050; and by that date, an estimated 3.9 billion — or over 40% of the world’s population — will live in severely water-stressed river basins as indicated in a World Bank Report.

In addition to this, the Day Zero concept in Cape Town, described as the moment at which most of the city’s domestic taps will run dry speaks volume of the growing water crisis and stress in Sub Saharan Africa characterized by drought and water shortage. …


Commodity spotlight is designed to provide background information about commodities like Rice, Maize, Sesame and Sorghum produced and consumed in West Africa.

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Overview

Cocoa is the plant from which byproducts such as chocolate, butter, liquor and chocolate powder is made. It is a perennial tree crop that primarily comes from three tropical regions — Southeast Asia, Latin America, and West Africa.

Côte d’Ivoire is the single largest producer of cocoa, accounting for approximately 33% of the world’s supply. Other leading cocoa farming countries include Brazil, Cameroon, Ghana, Indonesia, and Nigeria.

Clearly, Cocoa farming in Nigeria presents one of the best investment opportunities to investors in agribusiness, as cocoa remains one of the fastest selling agricultural products in the local and international market. …


Commodity spotlight is designed to provide background information about commodities like Rice, Maize, Cashew and Sorghum produced and consumed in West Africa.

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Overview

Cashew is a high value cash-crop known for its vast variation of uses and byproducts such as a kidney-shaped seed known as Cashew nut. Its tree is a fast thriving multiple-use tree extending across all parts of the tropics, native to north-east Brazil but today it is grown in many areas in the world.

India and Vietnam are the two largest single producers of cashew nuts, and the main suppliers of the world and European market however Africa is the epicenter of the tree as three of the biggest exporters including Côte d’Ivoire, Tanzania and Nigeria come from the West and East African coasts. …


Commodity spotlight is designed to provide background information about commodities like Rice, Maize, Sesame and Sorghum produced and consumed in West Africa.

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Overview

Nearly 535 million metric tonnes of rice is produced globally per year. Out of over 80 countries that produce rice, China is the world’s leading paddy rice producer with a production volume of over 146 million metric tonnes, followed by India, 107 million metric tonnes; Vietnam, 28.4 million metric tonnes and Thailand, 20.4 million metric tonnes.

In Africa, Nigeria is the largest producer of rice producing 8 million million metric tonnes of rice annually out of the 14.6 …


Commodity spotlight is designed to provide background information about commodities like Rice, Maize, Millet and Sorghum produced and consumed in West Africa.

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Overview

Over 27.8 million ton of millet is produced globally. The most important millet producers in the world are India, Niger, China, Nigeria, Mali, Burkina Faso and Chad. Of all these countries, India remains the largest global producer with a 41.04% global market share. Following India as second, third, fourth and fifth are Niger, China, Mali and Nigeria.

Africa alone produces 15 million tons of the total world millet production of 29.8 million tons in 2013, according to the data of FAO, making her the largest producing continent. As at 2016, Nigeria produced a yearly tonnage of 1,468,668 million. Millets are cereal crops or grains mostly done in the semi-arid tropics of African and Asia and widely grown around the world for both fodder and human consumption. …


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One of the numerous challenges of agricultural development in Nigeria is the inability of farmers to access vital information that can help boost their productivity and income such as relevant market information, local and timely agronomic and weather information, as well as information on how to access finance, agricultural technology, distribution, transport and storage systems and because Nigeria’s rural smallholder farmers with an average farm holding of 0.5Ha


In a bid to make a case for innovative storage, there is a need to understand the challenges farmers and value-chain key players encounter, the severity of this challenge and the frequency of its occurrence, and perhaps this might remind of us how important it is to leverage innovative technologies to curb food loss.

Firstly, food loss occurs at different phases of Agriculture production however, it is common place at the post-harvest stage of Agriculture valuechain and this is often described as post-harvest loss (PHL).

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Secondly, postharvest loss is best defined as the degradation in both quantity and quality of a food production from harvest to consumption. Quality losses include those that affect the nutrient/caloric composition, the acceptability, and the edibility of a given product while quantity losses refer to those that result in the loss of the amount of a product however, loss of quantity is more common in developing countries while loss of quality is most common to developed countries. …


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Farmers in developing countries are frequently exposed to the uncertainties of weather, prices and disease. Many farmers live on the edge of extreme uncertainty, sometimes falling just below, and sometimes rising just above the threshold of survival.

Many farmers do not know whether rainfall will be good or bad over a season; they do not know the prices they will receive for produce sold; and they do not know whether their crops will be infected by disease and because these risks are not under the control of farmers, even as they become more commercial, there is need to manage their risk effectively enough to catalyze financing for them. …


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Photo Credit: Food and Nutrition Magazine

Hydroponics farming system seem a bit like farming technology from the future.

Hydroponics provides an answer to the world’s growing concerns: diminishing soil quality, and water scarcity. Due to these growing concerns, the world’s interest in hydroponics has increased greatly.

Hydroponics is a soil-less, water-conserving, and high-density production technique.

Hydroponics is a unique kind of farming that uses limited resources to achieve high productivity. It uses less water, less land and less nutrient. Growing crops in open fields uses more water, more land and destroys more natural habitat.

Using hydroponics system, you can grow tomatoes organically with 4 to 7 gallons of water as opposed to growing tomatoes in open fields, which can use anywhere from 28 to 42 gallons of water”. …


Earlier this year, the Binkabi team engaged in high-level conferences in different cities around the world and as we progress in the second quarter of 2019, we are excited to announce that senior executives of Binkabi will be speaking in some of the highest profile Agricultural and Global Commodity Trade conferences around the world.

GTR West Africa 2019– 25–26 April, Lagos

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Binkabi Co-Founder/Chief Economist, Dr Andrew Nevin presented a Keynote address titled, “ Building intra-African value chains — the beginning of a new era for West Africa?” at the recently concluded, GTR West Africa held in Lagos.

It was a comprehensive 2 day event featuring key government actors and regulators, leading financiers and risk management experts who were not only gathered to assess the impact of Nigeria’s 2019 Presidential Election, they also focused on exploring key regional trends, financing hurdles and innovative solutions within areas such as hard commodities trade, infrastructure investment and agribusiness as a pre-requisite to making their next critical moves in catalysing trade finance into West Africa. …

About

Femi Royal

Founder, Africa's Agrictech Enterprise, myfarmbase.com.ng using tech tools to promote food security. Blogger, femiroyale.com. (femiroyale@gmail.com)

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