• Short Summary

    Reports from Nigeria, once one of the world's great groundnut producers, indicate yet another disappointing harvest this year.

  • Description

    Reports from Nigeria, once one of the world's great groundnut producers, indicate yet another disappointing harvest this year.

    Last season, drought was blamed for a disastrous crop. But this year, the weather has been favourable and the authorities were forecasting a crop of 650,000 tons. But at the end of the buying season i n mid-February, the Nigeria Produce Marketing Board -- who made the original prediction -- admitted that it had purchased only 120,000 tons.

    Some experts believe that the farmers are hoarding in a bid to force up the price, hoping that new producer prices may be announced after April 1. Other farmers are crushing their own groundnuts in hand presses, selling on local markets or smuggling the produce into Niger to get a better price.

    All of this has had a paralysing effect on Nigeria's 19 groundnut mills. Between them, they have a capacity for processing about a million tons a year. Because of shortfall in production they have been idle for nearly a year. The output purchased so far will keep the mills busy for no m ore than a couple of months.

  • Tags

  • Data

    Film ID:
    VLVABE8QT3QAMX49RE46TQE7OTBVM
    Media URN:
    VLVABE8QT3QAMX49RE46TQE7OTBVM
    Group:
    Reuters - Incuding Visnews
    Archive:
    Reuters
    Issue Date:
    06/03/1975
    Sound:
    Unknown
    HD Format:
    Available on request
    Stock:
    Colour
    Duration:
    00:01:41:00
    Time in/Out:
    /
    Canister:
    N/A

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