5 Agricultural Products You Can Easily Export To Europe, US
This is the best time to invest in agriculture. The government is aggressive on the sector, with policies encouraging investment. The Central Bank of Nigeria (CBN) Governor, a forthnight ago also announced that the bank will offer funding to prospective farmers at 5% interest rates.
So, should you decide to invest in any of the Agric sector value chain, you would reap bountifully from exporting to Europe and United States where you can earn foreign exchange selling your products at international market value.
If you decide to venture into agro export, here are 6 products you may consider.
Cocoa beans is one of the most traded crops in the world. The cocoa market is worth over $50 billion annually. Cocoa provides an essential raw material for the manufacturing of chocolate, tea, beverages etc.
If you care to become a cocoa exporter, you may have to join the Cocoa Association of Nigeria to get all the help you need to start your export business.
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You can source cocoa from these states in Nigeria: Ondo, Cross River, Ogun, Akwa Ibom, Edo, Ekiti, Delta, Osun and Oyo state.
And you can export your cocoa to countries such as USA, the Netherland, France, UK, Belgium, Canada, Czech Republic, Italy, Malaysia or Germany.
Pepper is the king of spices. Nigeria grows several varieties including chili, green, red, alligator, etc and they provide veritable export opportunity.
Global pepper imports averages $3 billion in 2016, according to data from OECD.
If you choose to export pepper, the good thing is, it can be sourced from any agrarian state in the country and you can have access to several varieties.
You can export your products to virtually any country in Europe and North America. Even India, South America and other parts of Asia offer lucrative markets for pepper export.
Soya beans as they are fondly called in Nigeria are an important source of high quality and inexpensive protein and oil. It is used in the production of milk, edible oil and animal feed.
The demand is high in the international market at an estimate of $45 billion in 2016. Nigeria currently produces soybean worth $95 million in the international market, but demand continues to grow.
The leguminous crop is mostly produced in the middle belt with Benue state accounting for over 70% of the production in Nigeria.
Some other states producing soya beans in Nigeria include Kwara, Kogi, Oyo, Ondo, Osun, Nassarawa, Kaduna, Niger, Bauchi, Ogun, and Taraba states.
Other states are Adamawa, Abia, Enugu, Anambra, Jigawa, Lagos, Plateau, Ekiti and the Federal Capital Territory.
The countries you can export to include: China, North Korea, South Africa, and more than 70 countries across Persian Gulf, Southeast Asia and Northern Europe.
Ginger is one of those spices that no one can speak ill of. Ginger is a root plant with high medicinal and food value, the plant is cultivated in large quantities by many farmers in Nigeria especially in the northern part.
Kaduna State is the highest producer of ginger in Nigeria, while states like Gombe, Bauchi, Benue, Nassarawa among others are also producers of the crop.
The demand for Ginger in the international market is huge. A ton of dried ginger for instance goes for as high $5,000. That is about 1.5 million naira when converted in naira using official exchange rate of 306-naira.
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Imagine how much you can make when you sell 10 tons or even 100. And there is a ready market in China, India, the United Kingdom, Germany, Spain, Netherlands, France, United States of America, Russia, Saudi, Arabia among others.
5. Sesame Seed:
This one is popularly referred to as Benin Seed here in Nigeria. Sesame seed is highly prized in the international market as demands continue to grow.
In fact, statistics show that after cocoa, sesame seed is the highest agricultural export product in Nigeria.
Latest report from Nigeria Customs said sesame seed accounted for more than 15,000 metric tonnes of export through the Tin Can port alone in 2017.
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It is estimated that Nigeria earns about $5 billion from sesame seed export annually.
Sesame seed is grown in many states across Nigeria including Nasarawa, Taraba, Benue, Enugu, and Ebonyi States.
And there are ready markets in North America, mainly US. In Europe, Greece is the main importer, followed by Germany, the Netherlands and Poland.
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