Jan '23 - Mar '23
Nigeria’s dry season agriculture starts in late October and runs until late March. Dry periods are most intense from early December to late February when there is literally zero rainfall across the country. A large percentage of farmers in Nigeria do most of their farming activities during the rainy season, and crops such as maize, cassava, groundnut, yam, potato, rice, tomatoes, cucumber and millet are suitable for planting in any part of the country during that season.
Most Nigerian farmers depend on rain-fed agriculture and cannot obtain sufficient water resources to participate in large-scale production in the dry season, this can lead to shortages of important local crops, as well as high market prices.
Dry-season agriculture therefore attracts true agricultural entrepreneurs who understand the important role of seasons in determining commodity prices.
- Femi Abodunde, Founder/CEO Abodunde Farms
We sell a variety wholesale produce at traditional and ancient markets in NW Edo, Southern Kogi, and Abuja. Yellow "eba" garri and Edo red palm oil are our core products.
We are developing several high margin packaged products for retailers which we will list here periodically
500 ml Edo Red Palm Oil
We are a wholesaler that has traditionally served buyers, who then repackage our produce for re- sale at supermarkets. We recently decided to start serving supermarkets directly. This allows us to pass on tremendous margin opportunity to local retailers. For example, our 500 ml edo red palm oil retails at upto N1500 in various urban supermarkets. We offer it wholesale to retailers at an introductory price of N1000.
QUALITY, FRESHNESS & TASTE
A natural, unmixed, cold pressed palm oil product produced in Edo State. Hygienically packed and sealed at source to lock in freshness and taste.
Food Prices Explained
The prices of agricultural futures depend on a number of external factors – and these prices ultimately impact what consumers pay for food.
Political unrest can disrupt productivity, impacting supply and commodity pricing.
Diminished or increased international production, or harvests, will drive global food prices.
International Trade Relationships
Government policies to support domestic production, can reduce international competition, limit supplies and impact prices.
Diseases can cause shortages in grains, which reduce food supply, resulting in lower demand.
Strength of U.S. dollar relative to other currencies means producers often need to adjust prices based on production costs in local currency.
High oil prices can drive up the costs of bringing food to market and these costs are passed along to consumers. Transportation shortages can also raise prices.
Planted & Harvested Acreage
Farmland is being lost at an alarming rate due to farmer exploitation and other factors. When farmers plant on limited acres, pricing is affected.