Quantcast

Commodities





Commodity News

Commodity Prices : MCX, NCDEX, NMCE, Spot Rates

Commodity Trading Tips

For medium and high value investors
For brokers,sub brokers and high value investors
For those who trade in just one commodity
For those who trade in Mini Lots

Equity Trading Tips

Intraday Futures and Option calls
Specially filtered 4 to 7 calls per day
For those who trade in just one commodity

Commodity Outlook

Reports

Last Updated :Feb 11, 13:59 IST
434.35     (+0.2)
899.8     (+19.7)
20150     (-150)
Get MCX/NCDEX/NMCE Futures Rates
Last Updated : 24 September 2008 at 10:55 IST
Follow us on and for updates

Banana set to become Africa's next cash crop

Commodity Online
MOMBASSA : In an attempt to promote banana as a cash crop, banana and plantain growers, scientists, entrepreneurs and policy makers from around the world will gather here next month for a conference to form guidelines in this direction.

Organizers said on Tuesday that the October 5-9 conference is expected to launch an ambitious and unprecedented 10-year effort aimed at transforming what is now largely a subsistence crop, into a major cash earner for millions of Africa's rural poor.

The conference, sponsored by the Bill & Melinda Gates Foundation, the Technical Centre for Agriculture and Rural Cooperation, the Belgium Directorate General for Development and Cooperation and other public and private organizations, will concentrate on banana markets and trade, production and technical innovation, with the goal of producing a tangible 10-year strategy to realize the potential of this crucial crop to alleviate poverty and generate wealth. Conference speakers will offer, among other things.

"The Banana and Plantain in Africa Conference represents a first comprehensive attempt to create stronger global and local market links in the region for a crop valued at 1.7 billion U.S. dollars in East Africa alone," the statement said.

The five-day meeting has been organized by the International Institute for Tropical Agriculture (IITA), in partnership with Bioversity International, the Forum for Agricultural Research in Africa (FARA), the International Society for Horticultural Science(ISHS) and the Kenyan Agricultural Research Institute (KARI).

According to the statement from IITA, researchers will present results from a wide range of groundbreaking studies that point to numerous opportunities in fields, labs and markets for substantially boosting the production and earning power of a crop that currently feeds more than 100 million Africans but whose potential has yet to be tapped.

A blueprint for boosting incomes in marginal areas through improved banana processing will be also the discussed. In Africa, diverse products are derived from the banana crop, including beer, wine, juice, sauce, mats, handbags, envelopes, postcards, flour, soap and breakfast cereals.

A recent report from an African agriculture research consortium found that Uganda's reliance on homegrown bananas for food and income was a key reason why during the recent global farm commodity crisis, the food price index rose only 10 percent in Uganda, compared to the global average of 56 percent.
MCX BARLEY 20 February 2012 contract was trading at Rs 1141.2 . What's your view on it?
Post your comment  (0)
Connect:
Post to Twitter
Post to Facebook