M a r k e t N e w s

Olam's Investment in Production of Rice in Nigeria

Posted on : Friday , 6th November 2015

Olam is one of the multinational companies involved in the production of rice in Nigeria.

 
With a farm situated in Rukubi village in Doma Local Government of Nasarawa State, it is currently cultivating 4,000 hectares of rice. The total hectare according to the farm officials is 10,000.
 
Mahesh Nimje, who led a team from the farm to the recent Daily Trust Agric Conference in Abuja said the farm is expanding annually.
 
"Every year we are increasing our capacity and very soon we will cover the 10,000 hectares with rice production. We are expecting yield of six metric tonnes per hectare for wet and dry season; 36,000 tonnes per season and 62,000 tonnes a year. That will amount to 60% milled rice, which can give 40,000 tonnes to sell in the market," he said.
 
He said Olam milling capacity is 105,000 metric tonnes. To accommodate that capacity, Nimje said they buy paddy from the open market, which gives them the capacity to produce about 310,000 yearly.
 
The farm runs three programmes: One on their own farm, the second is that they buy paddy from the market and third they give out seed and fertilizer to farmers and buy back the paddy through the out-grower programme.
 
According to him, the farm has network of 20,000 farmers across Nigeria also feeding their mill.
 
Jayant Jagtap, one of the farm officials told journalists that they are using one of the best milling technology in the world-from Japan and Italy to produce Mama's Pride and chef's Choice brands of rice.
 
"These products are the true Nigerian rice from Olam's farm. The quality is benchmarking the international quality which they have made available in Nigeria," Mahatsa said.
 
To him, Nigerian high quality rice is enjoying more attraction as people are beginning to love what is grown from the Nigerian soil in terms of quality and packaging.
 
He noted that what is killing Nigerian rice is the cross border smuggling of the product which brings down the price of rice thereby making it extremely difficult for producers within the country to make money from their investments.
 
"We invested a lot of money in Nigerian rice, setting up mill plant, the farms and the people you are employing and so it becomes difficult to compete with the cross border rice coming into Nigeria; and we have to compete with that rice in the market, that's the price challenge we have," he said.
 
If the government is able to block the borders and give a level playing field, Nigerian rice will be cheaper than Thai rice or other imported rice coming into the market.
 
"If the cross border rice incursion is stopped, there will be better days for Nigerian farmers," Nimje added.
 
On the available infrastructure in the farm, Mr. Jagtap said they have been talking to the federal, state and local governments to help, adding that they operate on 24-hour diesel which scales up cost of production.

Source : allafrica.com
-->
Featured Companies
  • Fasa | Packaging machinery and solutions
  • /
  • PRODAL 94 SRL
  • ME GUSTA

Complete List  

Advertisers in previous issue:

  • Complete processing lines for Food Industry.
  • Packing Materials & Machines, Packing  Materials & Machines manufacturer.
  •  International Exhibition on Food Products, Processing & packaging Machineries and Allied Industries.
  • Postharvest international directory of suppliers. Equipments, materials & services. Fruits, vegetable & ornamentals.
  • Gateway to Global Food B2B Marketplace
  • The Major Food Processing & Packaging Technology Show in Egypt & North Africa
  • This journal goes to producers, buyers, traders and carriers dealing with the food industry products from Ukraine, and neighbor and foreign countries.
  • Magazine
  •  The company started in 1987 and is today one of the largest privately owned companies supplying containers for a multitude of applications.
  •  More than 30000 food and non-food references delivered anywhere in the world.
  • El-Eman company provides a new source of specialized products of the highest standard of quality.
  • Kitchen Equipment
  • Hotel and restaurent
  • Symega is a reliable producer of food ingredients and has supplied to many of the finest food processors in different parts of the world.
  • Industrial Dynamics / filtec has been a leading innovator in the filed of inspection and laser coding equipment
  • Wide Range of Food Products.
  • Delta Food produces tomato paste and milk powder in different packaging and in different concentration.
  • MM Vitaoils is a world leader in downstream palm oil industry with full range of packaging.
  • VAPA Burners established in 1960, is the pioneer in manufacturing gas fired infrared burners in Lebanon.
  • Ideo Tecnica, a company specialized in machinery for the confectionery industry and especially chocolate
  • Bag Snacks registered since 1987 a constant growth, managing to position itself in Italy just below the major leaders of the sector.
  •  Sunshine is one of the leading prestigious fast developing firms in the field of Import & Export Company all over the Globe.
  • Supermarket Shelving,Freezers,Chillers;Trolleys;Weiching Scales;Cash Registers Labelling Machines;etc.
  • Dairy Products,Beverages,Ice Creams;etc.
  • AgriTech Analytic
Afrotrade International Marketing, Tel: +971-50-6285684
© 1998-2025 Afrotrade