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SORGHUM PRODUCTION AND SALES IN NIGERIA; THE OPPORTUNITY.
The local market of some agricultural commodity in Nigeria tends to be more stable, viable and profitable compared to the international market. This force of demand and supply supports the local trading than the international trading of agricultural commodities like cassava and sorghum due to better price offering and ready market. For instance the local price of unprocessed cassava tubers is better than the international price of processed cassava chips/pellet in China, a major destination and buyer of cassava products in the world.
I have said and written much on the investment opportunity available in the local trading of cassava tubers in Nigeria in my past articles {interested clients should visit my past articles} and like you rightly noted the essence of this article is to stress the local trading opportunity of sorghum, a good substitute of maize, {which I have written on} in Nigeria and how interested investors can tap into such opportunity.
Sorghum (Sorghum Bicolor (L) Moench) is a grass of east african origin, which is grown in the North of Nigeria. Sorghum is the 4th important cereal after wheat, rice and maize and is used as a maize substitute for livestock feeds because of their similar nutritional values. It is also used for distilled beverages, condiments, ethanol and alcoholic beverages. Sorghum has two varieties namely the white and yellow variety.
Some of the major producing states in Nigeria include Adamawa, Bauchi, Borno, Yobe, Jigawa, Gombe, Taraba, Plateau, Sokoto, Kebbi, Katsina, Nasarawa, Niger and Zamfara.
Though is a no official figure on the national production, demand and supply of sorghum in Nigeria, the local demand is more than the current local supply owning to the increasing demand from local industries in Nigeria. The international market is also witnessing increasing demands.
The current scenario represents a sellers market and an opportunity for interested investors to supply this commodity to industry in Nigeria.
The product would be packaged in pp woven sacks of 50/100/150 KG depending the buyers requirement which abounds in different parts of the country.
To continue reading this article and other investment opportunities in Nigeria, please do click on the link below
SORGHUM PRODUCTION AND SALES IN NIGERIA; THE OPPORTUNITY.
Get our market intelligence report on the following related topics by clicking on any of the titles below
1. HOW TO MAKE HUGE PROFIT SUPPLYING SORGHUM TO LOCAL INDUSTRIES IN NIGERIA; THE FEASIBILITY REPORT.
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