Agric eCommerce in Nigeria

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 details. Ev

  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 advantag

 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 whic