sesame seed 2019/20 outlook - nigeria · nigeria being a major regional economy and market, land...

SESAME SEED 2019/20 OUTLOOK - NIGERIASEBASTIAN ANDREW – PRODUCT HEADTGI GROUP / VINK CORPORATION DMCC

2019 AUGUST

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DISCLAIMER

• The contents of this presentation is based on information gathered from the trade, unorganised sources, understanding and interpretation. It is only represent personal opinion and views and does not constitute for any business decision or to challenge any information or opinion.

2SESAME SEED 2019/20 OUTLOOK - NIGERIA

TOPICS

• Country Information• Cargo inflow through borders• Main Production areas• New Crop Expectations• Export volumes out of Nigerian Ports• Country Challenges• Thank You


COUNTRY INFORMATION

• Population – Estimated 195 -200 Mill• Economy – Oil and Gas, Agriculture,

Mining, Service industry, Diaspora• Agri Exp Commodities : Sesame seed,

Cashew nut, cocoa, rubber etc.• Bordering countries : Benin, Niger,

Chad and Cameroon• Main Ports : Lagos and Harcourt


Presenter

Presentation Notes

Nigeria is the most populated Country in the African continent. Nigeria main economy drivers are the Oil and Gas industry Followed by Agriculture where more than 30% of Nigerians are employed. Cocoa, rubber, sesame seeds are the main forex earners. Lagos ports consist of Appa and Tincan Terminals. PHC and Onne terminals in Harcourt

CARGO INFLOW THROUGH BORDERS

Nigeria being a major regional economy and market, land locked neighbouring countries used to trade and export their Sesame Seed production through Nigeria and use Nigerian ports to export the cargos.Benefiting countries are Niger and Chad.


MAIN PRODUCTION AREAS


Northern Belt

Central Belt

• Sesame seed Production In Nigeria is mainly spread into many states and can be classified under 2 regions.

Presenter

Presentation Notes

Northern Belt main regions are Katsina Jigawa Yobe Kano Bauchi Maiduguri Central Belt main Regions are Nasarawa Taraba Gombe Benue Niger

NEW CROP EXPECTATIONS

• Nigerian Crop Harvest period is spread from August and continue till November depends on the rain and sowing each year.

• Current Season harvesting has started in small areas and will get more active during September.

• So exports of new crops will start by September.• Till date the new Nigerian crop situation looks ok. Provided no

climatic issues Nigeria is expecting a good crop.


EXPORT VOLUMES OUT OF NIGERIAN PORTS

When we mention Exports of sesame seed from Nigerian Ports includes cargo from Nigeria, Niger and Chad.These are our estimate numbers based on the destination market arrivals.


Season 2017-18 2018-19 2019-20

Quantity in '000 MTS 260 295 300 +/- ?

Presenter

Presentation Notes

The Nigerian Production has been seen a continues growth over the last decade. We expect the Production increase in the coming years too.

COUNTRY CHALLENGES

Lack of investment in Quality Processing Facilities.The Major challenge of Nigeria remains the port situation.


Presenter

Presentation Notes

Majority of the shippers depends on the Chinese machines. It is high time for exporters to invest on putting up better machines which give better cleaned cargo. Delay in shipments will continue due to port congestion. Unorganized transportation system and poor roads and facilities

THANK YOUDISCLAIMER

The contents of this presentation is based on information gathered from the trade, unorganised sources, understanding and interpretation. It is only represent personal opinion and views and does not constitute for any business decision or to challenge any information or opinion.

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sesame seed 2019/20 outlook - nigeria · nigeria being a major regional economy and market, land...

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