Starch Importation Discouraging Local Processors, Farmers




The Chairman, Harvest Feeds Agro-Processing, Goke Adeyemi has said the continued starch importation into the country is discouraging local farmers from producing cassava.
Adeyemi also said that starch processors were also discouraged by starch importation because they can’t compete favourably with the imported starch due to the high cost of processing starch locally.
Speaking with Nigerian Tribune, Adeyemi said it has become necessary for the government to consider increasing tax on imported starch by at least 40 per cent in order to allow local processors to compete in the market. Imported starch sells below N150,000 per ton, while locally produced starch is sold for about N200,000per ton. The high price of local starches as a result of the high cost of production.
Nigeria is currently the largest producer of cassava in the world, with annual production at over 50 million tons.
Adeyemi said “Importation of starch is still going on massively, most of the companies that use starch in Nigeria still stock their warehouses with imported starch and creating the challenges of patronage for the locally produced starch.


“We are crying that this is affecting farmers in Nigeria because if the off-take of cassava is very low by the starch producers, evidently, the encouragement the farmers need to continue to farm and tackle issues around food security, issues around industrialization, even the loans from the Anchor Borrowers Program that those farmers take to grow cassava may be problematic to return because the off-market from the local starch producers is very low.

Be the first to get our updates

Sign Up for Email Updates

RELATED POSTS:

0 Response to "Starch Importation Discouraging Local Processors, Farmers"

Post a comment