Agric eCommerce in Nigeria

Govt banning of foreigners from direct farm purchase AGRIC PRODUCE OVERVIEW The supply chain has been disrupted for a while now, from covid restriction, fuel, and a lot more. But today we like to highlight another two major recent ones which particularly affect the Agro supply chain and how they affect you and me. First is the wheat shortage, which is the escalating condition from the war between Russia and Ukraine, which produces 25% of the world wheat combined, before you think what about the other 75%, this is a global supply chain and those ones already have their market, and Nigeria is among the top customers of this two-nation above. Note like we always mention here things have cause and effect, especially in the Agro space, this will not just push bread up but also corn as an alternative will be affected. Second is the ban on foreigners and any of their affiliates from direct farm purchases. This may look positive in theory but with this market comes a lot of incentive for farme...

821.6 million (or 1 in 9 people) lives in hunger globally(WHO 2018), this has been thought to have been tackled with 1.3 billion tons of food that we waste yearly and globally(UNEP) But No, It has not worked, it has only made people dependent on foodbank and corporate giving, which will only create a repetitive cycle of dependence. food charity What we need it to tackle is 1.3 billion people who live in poverty (UNDP) Then we can have a short at reducing that hunger number, by creating opportunities for the locales, giving market access and equal playing field we can level up some of that number And empower them to feed themselves and food secure, not to say charity doesn’t have a role to play, but a minimal role compared with the above course. That hunger metric is a 2018 figure, imagine what it will look like now with COVID and what war can push it to. In all this, what ignites me most is that nearly 43% of those in poverty live in Sub-Saharan Africa. hunger and poverty And lucky...

We have taken several weeks to be examining updates on the Rice market, if you are not part of that update and in the food/Agric space join here Report Sheet, what is in it for me? 3 Weeks Ago we examine the inflation figure The result is out, what is the real assessment for me? This past week is full of dips. With several stocks and values wiped off, commodity prices are also not being friendly. We could say it is a correction in the stock market, but what about the commodity market that concerns all of us directly? December Inflation figure is out and just has said on our previous update here after a downward streak for consecutive eight months. December breaks that trend, and like always food inflation leads that opposite trajectory. But the important thing I would like to talk about here is that though we are not sure of the authenticity of the NBS result, we must, however, note that this figure is for the previous month and as customers and businesses, we live in an ever-changing...

  3 (Three) interesting things to note (If you are a farmer) It has been a great delight to us, after several months of finished development, beta testing, and live testing. To be launching our marketplace to every farmer, I will go through a bit about what the marketplace has to offer and a bit about how it works. First, good to note that this is the centerpiece of our Agric eCommerce platform and which we will scale to every region in line with our vision to digitize the African Agriculture market The marketplace is going first to our farmer's waitlist and in order to guarantee sales/distribution for farmers, not all registered accounts will be activated immediately, however, activation of account depends on; a. The location of the farmer, b. T y pe of produce, c. The completion of our vetting process and d. Already existing numbers of farmers selling the same produce  To use our platform activated account must comply with our image requirement and product description detail...

  Is Beans now on a free fall, could this be what we are expecting? Happy new month and independence, the economy has enjoyed its roller coaster and here we are with some harvest getting ready for distribution. AGRIC PRODUCE OVERVIEW Beans Price Plummet; The price of beans which continues to reach all-time height has taken a turn around, first let us examine this bearish run and let us hope it last before festivity season demand catches up. As forecasted the beans market has a dip and this is expected to continue as the previous height is just too extreme, but still we can't be expecting a return to a 50kg bag for ₦14,000 as of last year. As the supply chain has completely changed and measuring an Agriculture produce cost and productivity is denominated by the index of input cost, which has likewise changed. And the figure is not lying about this as the core inflation index that represents energy and food continues to experience a height. As this harvest will continue to reduce the...

  The new state of the Agriculture market and festive season hopes We have been talking of harvest, rain, and more supply in this newsletter but when this season is here and we have only seen a slight drop in price. Is this the new norm? AGRIC PRODUCE OVERVIEW Welcome back from holiday, one thing that can’t be on holiday is food, it comes to memory last year when many are fighting, climbing, doing all sort for so-called free food, anyway. It brings to not how important this industry is Let us jump right into it. Quick fact sardine has increased over 100% in 3 months, you might think this does not concern a lot of people but so is the case of many of our core product too, Even as we have the agriculture potential (Africa have 65% of the world arable land) but yet to really experience green revolution, and industrialization that could help ease this. The fact is that food is not only rising in Nigeria but Globally and as we may shift to technology to ease things, The Africa land...

 If vaccine which is needed not frequently and more delicate can be transported over thousands of miles safely While not potatoes, I will be using more of this product because it is one of the fragile agric products that we have, and we lose over 50% of this agro commodity according to statistics just from transporting them from Sokoto to Lagos alone.  First, we must note this" that something is delicate or perishable does not mean it shouldn't or can't be distributed or efficiently managed (at least the vaccine proves that)" The image below shows the interstate distribution of some of the tomatoes we consume This commodity is not what we need once, or twice and that this misuse of distribution get it to the destination doesn't mean this has to be, the images below the intrastate and last-mile delivery of this same case study commodity I don't see how food will not lose this way, yet this is the product we need for our daily use. I will not like to just end th...

Fasting is over What can we expect in the agric market The bear is finally coming out even as the inflation figure is out, and with fasting done, this be it AGRIC PRODUCE OVERVIEW Food inflation has now dropped in 19 months by 0.23 to 22.72% can this be the bearish sign we await. Many may feel this drop is not significant but mind you that is the April figure, and the market is not in the past, but looking at the period of increase, it can be the awaited signal. Then today market fasting is done, let see more of this. Many of the country’s grains come from the north, where many of the population is Muslims, the fasting which will have to dampen labour and reduce the distribution of food could just be over and with increase farming, labour, and logistics. We can start to see a more competitive and drastic drop in some prices, hence the letter in the picture above. Product update; Let us start as usual the https://mailchi.mp/58cf1f485ce4/fasting-and-inflation

  Not only Nigerian is witnessing this, as it is now a global phenomenon, as investors now agree that we have started what can be described as a “supercycle” AGRIC PRODUCE OVERVIEW Let us start with, what is supercycle and does it affect the agriculture market and even our household consumption. The supercycle has been explained as a sustained spell of abnormally strong demand growth that producers struggle to match, sparking a rally in prices that can last years or in some cases a decade or more strong demand growth that producers struggle to match, sparking a rally in prices that can last years or in some cases a decade or more. The Supercycle is now a global effect which can be traced to various commodity, not new that we been experiencing continuous commodity prices especially Agriculture which is the focus of this newsletter market in Nigeria, and with a global awareness of this phenomenon, this might but more pressure on inflation which is market-driven. And the agric market ...

As easter the celebration continues, we need to discuss the consumers choice, what is your and my choice about this, some attached luxury to food buying. Let us define the terms, Foodstuff Foodstuff are agric produce that is raw and produced in the farm. There are various words you can use for this as some call it food items, some grocery while to others it is simply farm produce. Though all these words have some disparity but can generally mean the same thing. Therefore foodstuff comes raw and not usually edible. Food buying This is the act of purchasing a finished meal, or processed food stuff to a final consumer (usually). Even though some regard agric produces/foodstuff with food in general. That is why we need to explain what we mean in the context of this write-up. Differences * Food buying is consider lucrative, faster, and convenient, but what if we tell you it is not totally true, as this choice can be of fewer quality items (farm produce) and very expensive. We ...

Ibadan the heart of Oyo must have endured a lot, Let's make a quick reminder we are an Agric eCommerce company in Ibadan and have been in part of this semi macroeconomy🤔 What we experienced in the figure. Is our economic problem not just starting? 🤔 We talked about the new reality we are experiencing in prices last week CLICK HERE TO SEE IT when we talked about the price increase or better put inflation will lead to devaluation of our currency, which already happen this week AGRIC PRODUCE OVERVIEW Some can ask why all this English, just tell us price and that is all. No, this is design main for our retailer's customer and you must know how our target audience is Ibadan people. Understanding the macroeconomy we guide your trade When this devaluation has occurred some things will be more expensive, it should because the IE window has been cushioned this to this extent, not a true reflection of our currency value, don’t forget the poultry association wants to import maize. You ...

Where you can get all your food products online Electronic commerce or e-commerce (sometimes written as eCommerce) is a business model that lets firms and individuals buy and sell things over the internet. Most are familiar with some of the companies like Jumia, Konga, where you buy your Phones, accessories, and electronics. DayDone is An agric eCommerce company that provides an online market place where farmers, you, and I can buy and sell Agricultural products across the Nation. Interesting right? You having an opportunity to buy directly from the farmer. In this article, we will be discussing several benefits you can achieve by shopping directly with DayDone. Price: Most of us don’t even know how our food products get to us. They pass through several distribution chains which are mostly occupied by middle men that exorbitantly increase the price of food products. DayDone is an agiric-ecommerce company that brings farm to the finger tips and doorstep of every consumer. Cutting the d...

 This are the popular misconceptions Nigerian have about purchases and consumption of Nigeria Rice Nigeria Rice in this context is Rice produced that is farmed and manufactured/processed by Nigeria based companies. They are often non-GMO and have a fairly medium grain. Many are still of the opinion that this Nigerian Rice means it is what is called O-God Rice? What this video to find out more  https://m.youtube.com/watch?v=Kj_JWJ-NTbQ Video Outline 0:00​ - Introduction 0:37​ - Characteristics of Nigerian Rice 0:45​ - Benefit of buying Nigeria Rice 0:56​ - Suitable for More Food types 01:36​ - Powerful antioxidants 02:03​ - Reducing Diabetes 02:52​ - Price ............................ The Nigeria Rice is a work in progress and we will be surprised by the quality especially the ones produced by some brands

 Dr. Doyin Salami, Chairman of the Presidential Economic Advisory Council (ECA), and an ex-member of the Central Bank of Nigeria (CBN) Monetary Policy Committee (MPC) saying during National Economic Outlook for 2021 organised by the Chartered Institute of Bankers of Nigeria (CIBN). That “Despite border closure, our national import of food amounted to N1.85 trillion between January and Sept 2020 – a 62 per cent increase when compared to same period 2019." What are you expecting in the real market, this; Rice Market Update Why jump in price again, I thought festivity is over? If you think that so do I🤔 Last time we talked about bean market overview, and discussed Drum. The Drum market is still as volatile as bitcoin (bad analogy for some) Rice Market WHAT IS RICE MARKET LIKE For a while now we been talking about Nigeria rice not been advantaged, what is the rice market response to this, surely even in your area you will note the demand will fall so what should be expected;........ ...

The Facebook-owned messenger with 2 billion users revamps its privacy policy. WhatsApp, the Facebook-owned messenger that claims to have privacy coded into its DNA, is giving its 2 billion plus users an ultimatum: agree to share their personal data with the social network or delete their accounts. The requirement is being delivered through an in-app alert directing users to agree to sweeping changes in the WhatsApp terms of service. Those who don’t accept the revamped privacy policy by February 8 will no longer be able to use the app. Share and share alike Shortly after Facebook acquired WhatsApp for $19 billion in 2014, its developers built state-of-the-art end-to-end encryption into the messaging app. The move was seen as a victory for privacy advocates because it used the Signal Protocol, an open source encryption scheme whose source code has been reviewed and audited by scores of independent security experts. In 2016, WhatsApp gave users a one-time ability to opt out of having acco...

Facebook Declared War on Apple, and It Just May Signal the End of Facebook The company has been heading toward a major crash for a long time. Facebook is starting to look desperate. Over the past weeks, the world's largest social network has taken out several full-page ads in The Wall Street Journal, The New York Times, and The Washington Post. The ads attacked Apple's new privacy changes, which Facebook claims will severely hurt small businesses, and "will change the internet as we know it--for the worse."  Facebook's recent desperation isn't surprising. It's the culmination of a series of events that began years ago, and that we've been building toward for a long time. How Facebook moved fast and broke things "Move fast and break things. Unless you are breaking stuff, you are not moving fast enough." --Mark Zuckerberg "Move fast and break things" was Facebook's official motto for years. It was intended to provide direction to ...

We all have heard and know that farmers feed the world but how? Unfortunately many don’t care about how this is possible (once their delicacy is on the table nothing else) This backstage story For farmers to feed any nation and people it lies heavily on distribution, distribution is how the food gets to you. Get to your doorstep, kitchen, and table. This story is just beginning because the geographic distribution of agriculture production is more north than south. While this is true, the journey of farm produce is alarming, hazardous and the worst part is traders' greed. Part 2: Traders’ greed Traders of this our must-have items have gone through a lot of logistics, networking to get this item in their retail shop. But like other traders that want to be the most to gain from this supply chain. They definitively deserve it after some have gone to the north to get items and store them. But not at the expense of our health with heavy storage chemicals, and re-bagging. This then tilts ...

 There is a geographic distribution with foodstuff price, if you are not in the three categories above or not in food selling, catering as a business this might not really concern you. The fact that a raw material you use to make the food is locally source (in closer market) will not get you more profit, simply because you are doing exactly what others are doing. So what you need to simply do is find a location they sell them cheaper and ship them in. I know this might look like another much work, but like I said earlier. I am talking to the category of people in business because you already buy in bulk or better still you can predict your use of this products. Not to talk of foodstuff seller you need this to be in business, so how to be more profitable even this year is to acquire this products cheaper. If you think source from cheaper sources is difficult, simply start by checking your rice price, beans price, garri, oil, etc from another geography add delivery and compare. I bet...

" The Poultry Association of Nigeria (PAN) has warned that if some urgent steps are not taken by the federal government, the cost of chicken during the yuletide might be as high as N10,000 per unit The association, in a press release made available to Blueprint stated that  with the increase in feed prices especially soya beans and soya bean meal, the prices of eggs and chickens might go out of reach of many Nigerians. The Chairperson of PAN, Ogun state Chapter, Blessing Alawode further requested the federal government to save Nigerian poultry industry from imminent collapse which the industry now faces as a result of unabated rising in the prices of bird feeds and concentrates used to feed chickens. She explained that the  feed inputs such as soya beans are going out of reach of an average poultry farmer with the price of the commodity now increased from N115,000 that was sold per ton in August to N215,000 in November, 2020, representing an increase of 86.95% within a four-mo...

 Food produces order to many have been a thing of short term important. Even though the lockdown as show to us that it have to be better treated than that. Why do many treat it this way? Their can be many reasons for this; - To some it is the money to acquire products,  - while to others it might be an already existing mindset, Let us talk abit on the mindset reason. We think why buy much when I can be buying little by little. This mindset can be right for perishable, but for non perishable it is a total flaw. Instead of buying rice, beans or tubers, in congos/small but in bags, When we talk about bag doesn't necessarily me bags or a bag it can be quarter or half bag there is alot of difference doing this. As such purchase take you away from just been a final consumer to a retail consumer. This is where saving is done What then can be the solution? The leisure of getting Agric/Food items in good quantities and reduce cost per unit can be enjoy by everyone, you can simply buy t...