Farmers across Benue, Nasarawa and other areas have begun the harvest of peanut, commonly known as groundnut among Nigerian farmers.
Farmers who are harvesting right now planted in places with good soil moisture retention during early rainfall.
Buyers in Doma, Agyaragu and other markets in Nasarawa State desire fresh groundnuts from farmers known for producing the crop.
A hundred kilogram bag was sold at N40,000 last week, and farmers who received supply requests have begun to hit the market.
Many farmers, however, exercise caution while harvesting the crop early because it is extremely difficult to dry groundnuts in the middle of the wet season, and they cannot maintain the crop in the event of price fall.
Some farmers supply the market based on demand, while others restrict harvest just to meet their immediate needs in order to prevent glut issues and significant financial loss.
Currently, at harvest, the price per bag (N40,000) is the highest it has ever been. Depending on the variety and quality, the old dried one per 100kg is between N45,000 to N65,000.
The price range for 100kg of shelled groundnuts at Agyaragu market along the Lafia-Makurdi expressway is N100,000 to N130,000, contingent on the product’s quality.
Even the groundnut byproduct called kuli-kuli (in Hausa language) is currently valued at over N60,000 in Nasarawa-Eggon, a district well known for manufacturing groundnut oil in Nasarawa State.
In addition to being used for feeding, kuli-kuli is a well-liked snack among many people, especially students, and is often consumed with garri.
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