HOW TO MAKE WEALTH IN CASSAVA FARMING BUSINESS HOW TO MAKE WEALTH IN CASSAVA FARMING BUSINESS | Page 47

A COMPREHENSIVE & PRACTICAL GUIDE ON HOW TO START CASSAVA FARMING & PROCESSING BUSINESS By: Micheal B. O. WHY IS CASSAVA AN IMPORTANT FOOD CROP FOR AFRICA? Cassava is highly adaptable to the African tropical climate and soils, and remains very popular for producing excellent harvests even when other crops fail. It is also the most widely available source of carbohydrates and dietary energy in Africa. Processed forms of cassava, especially gari (or garri), fufu and tapioca, are very common throughout West Africa. Gari is hugely popular in the region as it has traditionally remained cheaper than other carbohydrate sources, especially rice and maize. This has aptly earned it the nickname “the common man’s food”. Gari (also Garri or tapioca) is the most widely traded processed cassava product. It is estimated that more than 75 percent of the cassava produced in Africa is processed into gari. As a result, gari prices are often a reliable indication of the demand and supply of cassava. However, the price of cassava and its derivatives have increased sharply in the past few years. The population explosion in Africa has made it difficult to produce enough cassava to feed many ‘common’ Africans. In addition, the raging economic growth of China has made it the largest buyer of African cassava, which it uses as a major ingredient for animal feed for livestock (cattle, pigs etc.). China is currently responsible for more than 60 percent of global cassava consumption, and is still buying more from Africa (especially Nigeria)! Combine the growing profile and demand for cassava as a source of biofuels and it becomes very evident that the future demand and prices for cassava is headed for the skies. The estimated value of the global cassava trade is in excess of US$2 billion annually. However, Thailand, Brazil and Indonesia dominate the international trade in cassava. Despite its favourable climate, fertile soils and cheap manpower, Africa is yet to fully exploit the huge returns from the global cassava trade. Due to the very short shelf life (2-3 days) of harvested cassava tubers, inadequate road and power infrastructure, most of the cassava produced in Africa is consumed locally, where it is still unable to address the growing consumption. As a result, a lot of the cassava harvested every year in Africa become spoilt and never make it to the market. This wastage is estimated to be worth millions of dollars every year. MARKET OPPORTUNITIES FOR GARI AND CASSAVA PRODUCTION IN AFRICA Even for small scale entrepreneurs who are unable to participate in the international cassava export market, feeding the local African population with this most basic food stuff remains an interesting and highly lucrative prospect. What is more interesting is that as humans, animals, industries and biofuels compete for the valuable cassava crop, the prevailing local market prices will continue to explode! Hotlines: 09090040011, 09031617999. 47. E-mail: [email protected]