Economy
Rice Farmers Lose $200m Yearly to Parasitic Weeds
By Dipo Olowookere
An international team of researchers representing the Africa Rice Center (AfricaRice), the International Rice Research Institute (IRRI) and Wageningen University, has raised the alarm over the enormous economic impact of parasitic weeds on rice production in Africa, threatening the food security and livelihoods of millions of resource-poor rice farmers and consumers in the region.
Smallholder farmers in the continent are losing every year half a million tons of rice worth about US $200 million because of parasitic weeds.
This is roughly equivalent to the annual rice consumption of Liberia, a low-income country, which is highly dependent on rice imports.
If the rice lost due to the parasitic weeds had been saved, it would have been enough to feed the total population of Liberia (4.5 million people) for a whole year.
Parasitic weeds are among the most destructive and problematic weeds to control.
“When these plants invade food crops, they turn into ferocious weeds,” said Dr Jonne Rodenburg, Agronomist at AfricaRice.
The most important parasitic weed species in rice are Striga asiatica, S. aspera, S. hermonthica and Rhamphicarpa fistulosa. They are all endemic to Africa and can also parasitize other cereal crops like maize, sorghum and millet.
The team of researchers reveal that these parasitic weeds, which survive by siphoning off water and nutrients from host crops, have invaded 1.34 million hectares of rainfed rice in Africa, affecting an estimated 950,000 rural households. They are increasingly becoming severe due to an intensification of agricultural production and climate changes.
The areas affected by parasitic weeds are home to some of the world’s poorest farmers.
Studies by AfricaRice and partners have shown that parasitic weeds seem to predominantly affect women farmers in Africa as they are often forced to grow rice on the most marginal and parasitic weed-infested plots.
Parasitic weeds threaten rice production in at least 28 countries in Africa that have rainfed rice systems. The most affected countries are Burkina Faso, Cameroon, Côte d’Ivoire, Guinea, Madagascar, Mali, Nigeria, Sierra Leone Tanzania and Uganda.
The researchers warn that these parasites are spreading fast in the rainfed rice area and if nothing is done to stop them in their tracks, the damage will increase by about US $30 million a year.
These findings were revealed in a recent article by Rodenburg, Demont, Zwart and Bastiaans, entitled “Parasitic weed incidence and related economic losses in rice in Africa,” published in Agriculture, Ecosystems and Environment 235 (306-317).
Rice is the second most important source of calories in Africa. It is also critical for smallholder incomes. Demand for rice is growing at a rate of more than 6% per year – faster than for any other food staple in sub-Saharan Africa (SSA), because of changes in consumer preferences and urbanization. Rice production is increasing across SSA, but the continent still imports some 40% of its rice.
Until now, there has been little information on the regional spread and economic importance of parasitic weeds in rice in Africa. “We have presented in this article best-bet estimates on the distribution as well as the agronomic and economic impact of parasitic weeds in rice in Africa,” explained Dr Rodenburg. “In fact, this is the first multi-species, multi-country impact assessment of parasitic weeds in Africa.”
The article focuses on the four most important parasitic weeds in rice. Striga species – known under the common name “witchweed” – occur in at least 31 countries with rain-fed upland rice systems. Rhamphicarpa fistulosa – known under the common name “rice vampireweed” – threatens rice production in at least 28 countries with rainfed lowland rice systems.
Dr Sander Zwart, AfricaRice Remote sensing and Geographic information systems specialist, explained that for this study, a map of rainfed rice production areas, compiled from different databases, was overlapped with parasitic weed observation data retrieved from public herbaria to visualize regional distribution of these four important parasitic weeds.
From this overlap, probabilities of actual infestation were estimated. These estimates together with secondary data on parasite-inflicted crop losses and efficacy of weed control were combined into a stochastic impact assessment model.
The knowledge acquired on the distribution as well as the agronomic and economic impact of parasitic weeds in rice in Africa underlines the importance of finding effective measures to control these pests through research.
AfricaRice and its partners have been investigating and developing efficient parasitic weed management strategies that are affordable and feasible for resource-poor rice farmers. “A range of high-yielding, short-cycle, farmer-preferred rice varieties have been identified with resistance or tolerance to different species and ecotypes of Striga, as well as varieties with good defense against R. fistulosa,” said Dr Rodenburg.
He explained that such varieties can be combined with different agronomic measures, such as late sowing (against R. fistulosa) or early sowing (against Striga), and the use of organic soil fertility amendments. Growing a leguminous cover crop such as Stylosanthes guianensisand following a zero-tillage approach also contribute to effective control of Striga, as demonstrated by agronomic experiments conducted by AfricaRice and its partners.
To study institutional and socio-economic constraints underlying the challenge posed by the parasitic weeds, and to raise awareness and improve communication on efficient management strategies, AfricaRice and its partners have brought together stakeholders, including national research institutes, extension services, crop protection services and private sector representatives in workshops in East and West Africa.
At a time where there is a decline in public sector investments in agricultural research, efficient targeting of resources is becoming increasingly important. “The results of our studies emphasize the importance of targeted investments in further research, the development and dissemination of control technologies and capacity building of farmers, extension agents and other stakeholders, to reverse the observed trend of increasing parasitic weeds in rice,” stated Dr Rodenburg.
AfricaRice.
Economy
Again, OPEC Cuts 2024, 2025 Oil Demand Forecasts
By Adedapo Adesanya
The Organisation of the Petroleum Exporting Countries (OPEC) has once again trimmed its 2024 and 2025 oil demand growth forecasts.
The bloc made this in its latest monthly oil market report for December 2024.
The 2024 world oil demand growth forecast is now put at 1.61 million barrels per day from the previous 1.82 million barrels per day.
For 2025, OPEC says the world oil demand growth forecast is now at 1.45 million barrels per day, which is 900,000 barrels per day lower than the 1.54 million barrels per day earlier quoted.
On the changes, the group said that the downgrade for this year owes to more bearish data received in the third quarter of 2024 while the projections for next year relate to the potential impact that will arise from US tariffs.
The oil cartel had kept the 2024 outlook unchanged until August, a view it had first taken in July 2023.
OPEC and its wider group of allies known as OPEC+ earlier this month delayed its plan to start raising output until April 2025 against a backdrop of falling prices.
Eight OPEC+ member countries – Saudi Arabia, Russia, Iraq, United Arab Emirates, Kuwait, Kazakhstan, Algeria, and Oman – decided to extend additional crude oil production cuts adopted in April 2023 and November 2023, due to weak demand and booming production outside the group.
In April 2023, these OPEC+ countries decided to reduce their oil production by over 1.65 million barrels per day as of May 2023 until the end of 2023. These production cuts were later extended to the end of 2024 and will now be extended until the end of December 2026.
In addition, in November 2023, these producers had agreed to voluntary output cuts totalling about 2.2 million barrels per day for the first quarter of 2024, in order to support prices and stabilise the market.
These additional production cuts were extended to the end of 2024 and will now be extended to the end of March 2025; they will then be gradually phased out on a monthly basis until the end of September 2026.
Members have made a series of deep output cuts since late 2022.
They are currently cutting output by a total of 5.86 million barrels per day, or about 5.7 per cent of global demand. Russia also announced plans to reduce its production by an extra 471,000 barrels per day in June 2024.
Economy
Aradel Holdings Acquires Equity Stake in Chappal Energies
By Aduragbemi Omiyale
A minority equity stake in Chappal Energies Mauritius Limited has been acquired by a Nigerian energy firm, Aradel Holdings Plc.
This deal came a few days after Chappal Energies purchased a 53.85 per cent equity stake in Equinor Nigeria Energy Company Limited (ENEC).
Chappal Energies went into the deal with Equinor to take part in the oil and gas lease OML 128, including the unitised 20.21 per cent stake in the Agbami oil field, operated by Chevron.
Since production started in 2008, the Agbami field has produced more than one billion barrels of oil, creating value for Nigerian society and various stakeholders.
As part of the deal, Chappal will assume the operatorship of OML 129, which includes several significant prospects and undeveloped discoveries (Nnwa, Bilah and Sehki).
The Nnwa discovery is part of the giant Nnwa-Doro field, a major gas resource with significant potential to deliver value for Nigeria.
In a separate transaction, on July 17, 2024, Chappal and Total Energies sealed an SPA for the acquisition by Chappal of 10 per cent of the SPDC JV.
The relevant parties to this transaction are working towards closing out this transaction and Ministerial Approval and NNPC consent to accede to the Joint Operating Agreement have been obtained.
“This acquisition is in line with diversifying our asset base, deepening our gas competencies and gaining access to offshore basins using low-risk approaches.
“We recognise the strategic role of gas in Nigeria’s energy future and are happy to expand our equity holding in this critical resource.
“We are committed to the cause of developing the significant value inherent in the assets, which will be extremely beneficial to the country.
“Aradel hopes to bring its proven execution competencies to bear in supporting Chappal’s development of these opportunities,” the chief executive of Aradel Holdings, Mr Adegbite Falade, stated.
Economy
Afriland Properties Lifts NASD OTC Securities Exchange by 0.04%
By Adedapo Adesanya
Afriland Properties Plc helped the NASD Over-the-Counter (OTC) Securities Exchange record a 0.04 per cent gain on Tuesday, December 10 as the share price of the property investment rose by 34 Kobo to N16.94 per unit from the preceding day’s N16.60 per unit.
As a result of this, the market capitalisation of the bourse went up by N380 million to remain relatively unchanged at N1.056 trillion like the previous trading day.
But the NASD Unlisted Security Index (NSI) closed higher at 3,014.36 points after it recorded an addition of 1.09 points to Monday’s closing value of 3,013.27 points.
The NASD OTC securities exchange recorded a price loser and it was Geo-Fluids Plc, which went down by 2 Kobo to close at N3.93 per share, in contrast to the preceding day’s N3.95 per share.
During the trading session, the volume of securities bought and sold by investors increased by 95.8 per cent to 2.4 million units from the 1.2 million securities traded in the preceding session.
However, the value of shares traded yesterday slumped by 3.7 per cent to N4.9 million from the N5.07 million recorded a day earlier, as the number of deals surged by 27.3 per cent to 14 deals from 11 deals.
Geo-Fluids Plc remained the most active stock by volume (year-to-date) with 1.7 billion units sold for N3.9 billion, trailed by Okitipupa Plc with 752.2 million units valued at N7.8 billion, and Afriland Properties Plc with 297.5 million units worth N5.3 million.
Also, Aradel Holdings Plc remained the most active stock by value (year-to-date) with 108.7 million units worth N89.2 billion, followed by Okitipupa Plc with 752.2 million units valued at N7.8 billion, and Afriland Properties Plc with 297.5 million units sold for N5.3 billion.
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