Cereal prices declined by 1.3% - FAO

NaijaAgroNet:

Cereal prices declined by 1.3 per cent in the month of December from its November value due to intensifying export competition among maize producers according to the Food and Agriculture Organisation (FAO), reports NaijaAgroNet.

FAO in its Cereal Price Index made available to NaijaAgroNet said expectations of more wheat supplies entering world markets after Argentina removed export taxes was a major influencer, noting that the sub-index, which includes rice, shed 15.4 per cent on average during 2015 from the previous year. 

While the Dairy Price Index subsided 1.0 per cent in December, and over the year was 28.5 per cent below its average level in 2014, the sharpest decline of any food commodity, a press statement from FAO showed.

The Meat Price Index, however, dropped by 2.2 per cent in December, which was prompted by surging pork output in Europe and reduced U.S. demand for imported beef, pointing out that “Over the full year, meat was on average 15.1 cheaper than in 2014.”

Whereas the Vegetable Oil Price Index rose 2.1 per cent in December, pushed up by uncertainties regarding Brazil's soybean crop, but over 2015 as a whole was 19 per cent below the previous year.

Meanwhile, FAO's Sugar Price Index rose 0.6 per cent in December, but was on average 21 per cent lower in 2015 than the previous year.

Isaac Oyimah/GEE 
... Linking agrobiz, sustainable environs, people & technology

Dakar to host Africa Hepatitis Summit’16

NaijaAgroNet:

Leading African and international public health experts, patient representatives, policymakers and physicians will convene in Dakar, Senegal, to discuss and better understand the burden of hepatitis B and C in Africa, NaijaAgroNet reports.

African countries, NaijaAgroNet gathered, have some of the highest rates of chronic viral hepatitis in the world - it is estimated that more than 30 million people in the Africa region are living with hepatitis C alone.  Awareness of viral hepatitis is low, and access to screening and treatment is currently limited in most countries.

The African Viral Hepatitis Summit 2016, sponsored by Gilead Sciences would provide a forum to discuss the latest in viral hepatitis B and C research, including surveillance, prevention, treatment, service delivery and policy issues.

“The hepatitis B or Cepidemics continue to grow across the continent, and are becoming a serious public health issue,” said summit co-chair Danjuma Adda, World Hepatitis Alliance Executive Board Member for the African Region, stressing this summit is very timely and will benefit all those working to establish a public health approach to preventing and treating these diseases.

Also speaking, summit co-chair and Professor at the University of Cheikh Anta Diop in Dakar, Souleymane Mboup, said “This summit presents a rare opportunity for a broad range of groupsto share perspectives on this significant public health problem,” pointing out that sharing research, policy and programmatic insights from across Africa will be enormously helpful to those on the ground working to help people living with or at risk for viral hepatitis.

Viral hepatitis is inflammation of the liver caused by a virus. There are five different hepatitis viruses - hepatitis A, B, C, D and E. All of these viruses cause short term, or acute infection. The hepatitis B and C viruses can cause long-term infection, called chronic hepatitis, which may lead to life-threatening complications such as cirrhosis (liver scarring), liver failure and liver cancer.

Isaac Oyimah/GEE

... Linking agrobiz, sustainable environs, people & technology

FAO food price index drops in December

NaijaAgroNet:

The Food and Agriculture Organisaiton (FAO) has disclosed that food prices dropped in the month of December 2015 due to dwindling global economic downturn, reports NaijaAgroNet.

FAO also said that abundant supplies and slow economic growth drive food prices down for the fourth consecutive year.

FAO's Food Price Index sighted by NaijaAgroNet showed that prices of major food commodities declined for the fourth year in a row in 2015, averaging 19.1 percent below their previous-year's levels, as the dwindling global economy also triggered sharp price falls from metals to energy markets, ending the year even lower, at 154.1 points during the month of December. 

In December, FAO said, the index declined a further 1.0 per cent from its revised November value, as falling prices for meat, dairy and cereals more than offset gains by sugar and vegetable oils.

"Abundant supplies in the face of a timid world demand and an appreciating dollar are the main reason for the general weakness that dominated food prices in 2015," said FAO senior economist Abdolreza Abbassian. 

The FAO Food Price Index is a trade-weighted index tracking international market prices for five key food commodity groups: major cereals, vegetable oils, dairy, meat and sugar.

 

... Linking agrobiz, sustainable environs, people & technology

Farmers urged to embrace corporatives, technologies

NaijaAgroNet:

Bank of Industry (BoI) has urged Nigerian farmers to embrace corporatives and technologies to boost agric-business development in the country, especially cassava so as to make it profitable, reports NaijaAgroNet.

The Managing Director, Mr. Rasheed Olaoluwa, represented by Group Head, Agro Processing Unit of BOI, Mrs. Kadafa Lolo Ruth made this call at a one-day stakeholders consultative meeting in Lagos.

BOI also noted that lots of farmers are individualistic and seldom come together as a team to have a registered corporative or association which could enable them to access loans from financial institutions.

“Many farmers come to the Bank of Industry to seek for loans but they do not have any tractable sales record or evidence of market sales, they cannot present convincing workable proposals or a clear thought-out business frame work that could enable them secure loans,” Olaoluwa said.

He, therefore, charged farmers to integrate and collaborate with like-minds, utilize technological tool to improve the quality of the produce and package them as premium brands that consumers will be willing to pay for.

Equally speaking at occasion, Sales Director for Bosch West Africa, Mr. Francis Omoniyi said, “Bosch will be giving one year free service maintenance to customers that purchase any of their tools and educate them on how to fully utilize the equipment” stressing that Bosch wants to assist in boosting the nation’s Gross Domestic Product (GDP) by structuring agric business via capacity building.

 

... Linking agrobiz, sustainable environs, people & technology

BOSCH, UNIDO partner on improving Cassava market profitability

NaijaAgroNet:

Global supplier of technology and services BOSCH has partnered with United Nations Industrial Development Organization (UNIDO) on improving Cassava market profitability in the Sub-Saharan Africa, reports NaijaAgroNet.

Speaking at the recently organized stakeholders consultative meeting in Lagos with farmers to discuss the prospect, challenges and marketing widows of cassava production in the country, the Managing Director of Robert Bosch West Africa, Mr. Ghislain Noumbessy, said it is imperative for farmers to take advantage of the technological tools and services that could help them proffer solutions to their food loss and perk up their profit.

Noumbessy also said that Bosch has been motivated by the search for ever-better technological solutions and fresh approaches that will help tackle the great challenges of today and deliver benefits to her customers.

“At Bosch, our work is guided and motivated to find solutions to even the most complex technological challenges while at the same time preserving natural resources and making a positive contribution to the society and that is why we decided to create a stakeholders consultative meeting to discuss about the market prospects, challenges and opportunities of agriculture especially in Cassava farming,” he said.

UNIDO representative from Austria, Dr. Yvonne Lokko told participants that they are working with Bosch in line with the United Nations agenda to reduce poverty, facilitate trade capacity building, agri-business and agro-industry development in Nigeria.

Speaking on the Bank of Industry (BoI) role in agric-business development in Nigeria, its Managing Director, Mr. Rasheed Olaoluwa, represented by Group Head, Agro Processing Unit of BOI, Mrs. Kadafa Lolo Ruth said that agriculture is one of the cardinal agenda of the President Muhammadu Buhari’s administration and the bank will continue to give adequate necessary supports and loans to farmers to grow their business.

Mr. Olaoluwa also said farming is a serious business and cassava is a profitable trade but there is a significant need for many farmers to improve on their skills and management structures to enable them improve their farming in 21st century.

 

... Linking agrobiz, sustainable environs, people & technology