Operators in the agricultural sector have complained about the high cost of production even though the prices of products such as palm oil have reportedly crashed. Reports had revealed that the price of palm oil went down from N30,000 per 30-litre keg in December 2017 to as low as N8,500 in places like Akure. Farmers also said they were at a loss and completely vulnerable when natural disasters such as flood and fire strike. A farmer in Jos, Plateau State, Nandul Durfa, owner of Daje Palm Oil Farm, was reported to have lost 10 hectares of palm oil plantation to fire recently. Palm trees are resilient; if you water the burnt trees consistently, they could come back to life but this year’s proceeds are gone.

Source: Punch January 18, 2018 22:52 UTC