Nigeria traded N262bn agricultural goods in Q2, says Ogbeh

Chief Audu Ogbeh, Minister of Agriculture and Rural Development, has said total value of Nigeria’s trade in agricultural goods in the second quarter of 2017 stood at N261.9 billion.
 
Chief Audu Ogbeh
Minister of Agriculture and Rural Development
Ogbeh who was speaking in Abuja recently said the figure represented 4.60 percent of total trade in the period under review. He added that agricultural exports represented just 0.96 percent of total exports during the period.

Giving a breakdown of the various destinations of agriculture related exports, he explained that 66.38 percent of the exported items went to Asia, 24.98 percent to Europe, 4.37 percent to the Americas while Africa received 3.88 percent and the Oceania received 0.39 percent.

The minister said agriculture related exports between April and June comprised of cashew nuts worth N13.5 billion or 45.4 percent of the total agriculture exports and 1.37 percent of total exports.

Specifically, he said cashew nuts export to Vietnam was N12.16 billion; N1.4 billion to India and N6.34 million to Kazakhstan.

Ogbeh noted that sesame seed exports in Q2 stood at N7.0 billion or 23.6 percent of total agriculture exports.

According to him, sesame seeds export to Japan was N1.3 billion; India N0.9 billion; Turkey N0.9 billion; South Korea N0.8 billion; and China N0.6 billion.

He also said frozen shrimps and prawns’ export was N1.6billion or 9.6 percent of total agriculture exports: Netherlands N1.5 billion; Belgium N0.67 billion; United States N0.22 billion; France N0.17 billion; and Spain N87 million.

The minister pointed out that exports of soya bean flour and meals were N2.3 billion (7.8 percent of agricultural exports): N2.1 billion to Spain; N116.6 million to Ghana; N72.9 million to Senegal; N18.1 million to Mauritania; and N2 million to Germany.


He said other agricultural exports: Ginger N663.7 million; flowers N568.5 million; Peanut kernels and other groundnuts N481.3 million; and Milk and cream powder N282.4million.

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