ALL AGRI #Africa commodities updates

As part of efforts to deepen agricultural cooperation and strengthen food security across Africa, Nigeria has donated 2,000 cashew seedlings and 100,000 cashew seeds to Ethiopia. The donation, sufficient to cultivate approximately 600 hectares of farmland, was formally received by Ethiopia’s Minister of State for Agriculture, Dr Efa Muleta Boru, ahead of the second United Nations (UN) Food Systems Summit to be held in Addis Ababa from July 27 to 29, 2025.Spearheaded under President Bola Tinubu’s agricultural transformation agenda, the green diplomacy initiative reinforces Nigeria’s commitment to leveraging agro-development as a strategic instrument for regional diplomacy and sustainable development.

Driven by increasing demand for maize (corn) starch in Africa, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +1.4% for the period from 2024 to 2035, which is projected to bring the market volume to 4.2M tons by the end of 2035. In value terms, the market is forecast to increase with an anticipated CAGR of +1.7% for the period from 2024 to 2035, which is projected to bring the market value to $3B (in nominal wholesale prices) by the end of 2035.