IMPERATIVES OF CASSAVA PRICE STABILIZATION MECHANISM

Strategic Context

Africa accounts for approximately 64% (192 million MT) of the world’s cassava production, with Nigeria taking the lead with a production of over 59 million MT in 2019 representing approximately 21% of global production.
Nigeria’s average yield of 8.2 tons per hectare is very low compared to global best practices of 33.8 tons per hectare.
About 90% of Nigeria’s cassava production is grown by smallholder farmers who cultivate an average of just one hectare of cassava farm.

Limitations of The Current Price Regime In Cassava Value Chain

In Nigeria, the price of Cassava, particularly the fresh roots are highly unstable because the bulk of the product is harvested to service the inelastic food markets in the country.

 

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