Post by Trade Coach on May 25, 2020 13:17:29 GMT 1
Nigerian farmers may earn over N300billion from the exportation of sesame seed to the global market this year, despite the coronavirus pandemic ravaging the world, it was learnt at the weekend.
As at last year, the country was the major supplier of sesame seed to the world’s largest importer, Japan and it is the country’s leading agricultural export.
A member of National Sesame Seed Association of Nigeria, Mr Salisu Uthman told The Nation in Lagos that the country could generate about $1 billion yearly from the white and black sesame seeds if the farmers are encouraged by the government.
He said cashew and sesame seeds remained key crops that could drive the export diversification efforts of the Federal Government, given the crops’rapid acceptance at the international markets.
But a maritime export analyst, Mr Andrew Adesana, frowned at the fact that the crops were exported in unprocessed form which creates a loss in value addition.
Although he projected that the country has the potential of earning over N300 billion from the exportation of sesame seed this year, he, however, berated the way the farmers are handling the precious commodity.
“Most farmers still need to be tutored on how to handle most of the export. Our farmers only remove the back of the cashew and sell the nuts raw. This is poor compared to England and Vietnam where it is processed before the products are sold to other international markets,” he said.
According to him, sesame seed is a very good source of vegetable oil that contains no cholesterol, making it the most demanded vegetable oil in the world and could be used in pharmaceuticals, confectionery, cosmetics and many industries for paints, soaps, lubricants and shampoos, among others.
“Sesame seeds contain 50.5 per cent oil and 25per cent protein,” he said.
It was gathered that the country has capacity to export 500,000 tons of the seed valued at N398.2billion as the seed production is being supported by the Central bank of Nigeria’s (CBN’s) anchor borrower in Taraba, Jigawa, Nassarawa and Benue states.
Asian countries hold the topmost position in terms of biggest importer of sesame seeds, followed by North America and Europe.
Already, Asian and African countries have gained positive traction because of the emerging trend of using sesame seed-based seasonings, marinades and sauces.
Across the globe, there are over 4.8 million tons of the seeds produced yearly, with Myanmar being its largest producer. Nigeria is the second largest African producer, behind Sudan and ranked seventh in the world.
Source: thenationonlineng.net/nigeria-eyes-n300-billion-from-sesame-export/
As at last year, the country was the major supplier of sesame seed to the world’s largest importer, Japan and it is the country’s leading agricultural export.
A member of National Sesame Seed Association of Nigeria, Mr Salisu Uthman told The Nation in Lagos that the country could generate about $1 billion yearly from the white and black sesame seeds if the farmers are encouraged by the government.
He said cashew and sesame seeds remained key crops that could drive the export diversification efforts of the Federal Government, given the crops’rapid acceptance at the international markets.
But a maritime export analyst, Mr Andrew Adesana, frowned at the fact that the crops were exported in unprocessed form which creates a loss in value addition.
Although he projected that the country has the potential of earning over N300 billion from the exportation of sesame seed this year, he, however, berated the way the farmers are handling the precious commodity.
“Most farmers still need to be tutored on how to handle most of the export. Our farmers only remove the back of the cashew and sell the nuts raw. This is poor compared to England and Vietnam where it is processed before the products are sold to other international markets,” he said.
According to him, sesame seed is a very good source of vegetable oil that contains no cholesterol, making it the most demanded vegetable oil in the world and could be used in pharmaceuticals, confectionery, cosmetics and many industries for paints, soaps, lubricants and shampoos, among others.
“Sesame seeds contain 50.5 per cent oil and 25per cent protein,” he said.
It was gathered that the country has capacity to export 500,000 tons of the seed valued at N398.2billion as the seed production is being supported by the Central bank of Nigeria’s (CBN’s) anchor borrower in Taraba, Jigawa, Nassarawa and Benue states.
Asian countries hold the topmost position in terms of biggest importer of sesame seeds, followed by North America and Europe.
Already, Asian and African countries have gained positive traction because of the emerging trend of using sesame seed-based seasonings, marinades and sauces.
Across the globe, there are over 4.8 million tons of the seeds produced yearly, with Myanmar being its largest producer. Nigeria is the second largest African producer, behind Sudan and ranked seventh in the world.
Source: thenationonlineng.net/nigeria-eyes-n300-billion-from-sesame-export/
