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SUPPLY SORGHUM TO LOCAL INDUSTRIES IN NIGERIA AND MAKE HUGE PROFIT.
Sorghum (Sorghum bicolor (L.) Moench) is a cultivated
tropical cereal grass. It is generally, although not universally, considered to
have first been domesticated in North Africa, possibly in the Nile or Ethiopian
regions as recently as 1000 BC1. The cultivation of sorghum played a crucial role
in the spread of the Bantu (black) group of people across sub-Saharan Africa.
Today, sorghum is cultivated across the world in the warmer
climatic areas. It is quantitatively the world’s fifth largest most important
cereal grain, after wheat, maize, rice and barley. In Africa, sorghum is still
largely a subsistence food crop, but as report will show it is increasingly
forming the foundation of successful food and beverage industries in Nigeria.
World annual sorghum production is over 60 million tonnes,
of which Africa produces about 20 million tonnes3. This makes sorghum,
quantitatively the second most important cereal grain in Africa after maize.
Nigeria is the second largest producer of sorghum, with the
majority of domestic production used for household consumption/fodder. However,
since the ban on the importation of malted barley used in the production of
beverages, companies have been forced to use sorghum as a raw material and
Foraminifera Market Research seeks to expose the investment opportunity in the
supply of the product to local industries in Nigeria.
Sorghum is produced in virtually all the states in Nigeria,
though some states produce more than others.
Some of states that sorghum in large quantity in Nigeria
includes Plataeu, Kano, Kaduna, Sokoto, Gombe, Bauchi, Zamfara, Benue , Kogi ,
Nassarawa and Taraba.
A major portion of sorghum grain currently utilized by
Nigeria industries {approximately 200,000 MT} is used by the larger beer
sector, followed by the non-alcoholic malt beverage sector. Sorghum is
increasingly being used as a substitute for more expensive and imported raw
materials, malted barley.
The supply of sorghum to local industries in Nigeria is a
viable business and the return on investment is estimated between 10% - 15%.
To continue reading this article and other investment opportunities in Nigeria, please do click on the link below
SUPPLY SORGHUM TO LOCAL INDUSTRIES IN NIGERIA AND MAKE HUGE PROFIT.To continue reading this article and other investment opportunities in Nigeria, please do click on the link below
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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