Cassava in Nigeria now goldmine as tonnage price rises

Cassava

Nigeria

Published May 24, 2021

Tridge summary

“If urgent solution is not provided, cassava will be expensive towards the end of 2020 and early 2021. There may not be enough cassava for garri, cassava flour and other food items. Even if cassava is available, it will be very expensive. “Many farmers boycotted cassava cultivation in 2020, and this development could lead to scarcity of the produce.

Original content

The reason for the boycott was due to the huge losses recorded in 2019 by many farmers as a result of glut.” This alarm was raised mid last year by the Secretary of the Lagos State Chapter of All Farmers Association of Nigeria (AFAN), Abimbola Fagoyinbo-Francis, following a revelation that many farmers boycotted cassava cultivation in 2020. Just as predicted, cassava has now become a goldmine, as its price increases on daily basis, despite the country’s position in the comity of cassava producing countries. Nigeria is the largest cassava producer globally, accounting for about one-fifth (21 per cent) of total production worldwide. The demand for cassava and its constituents is high in the domestic economy. However, the supply has been unable to meet the huge demand. According to PwC, it is estimated that Nigeria would need about 28.3 million metric tonnes of fresh cassava root planted yearly on about 1.2 million hectares of land to meet the country’s demand for some of the cassava ...

Source: Guardian