The
low price tag put on Nigerian cassava chips by China is frustrating Nigerian
exporters of the commodity. This development is impeding the successful
execution of the cassava chip export contract entered by Nigeria and China.
Chinese
importers, it was learnt, are offering Nigerian exporters $250 per tonne
instead of $400 it goes for in Europe and $350 in Israel. Business advisory
services officials at the Bank of Agriculture have advised Nigerian cassava
chips exporters that if the contract price is less than $400 per tonne, the
business will not be viable.
Financial
Vanguard gathered that the Bank of Agriculture team suggested that exporters
should explore European markets that offer $400 or Israel that offers $350 as
against China’s $250 offering.
The
contract for the export of cassava was negotiated
