AGRI-NEWS
The Ministry of Agriculture, Water and Land Reform has said at least 50,000 hectares of cropland in Namibia have been destroyed by AFRICAN migratory locusts (AML) and new swarms have been spotted in the Zambezi region. http://namibianfarming.com/locusts-wrecking-havoc-in-namibia/
The country has been hit by another outbreak of highly contagious foot and mouth disease after the detection of infected cattle in the northern regions of Oshana and Ohangwena. http://namibianfarming.com/foot-and-mouth-disease-attack-northern-regions-ofnamibia/
In a country that has been affected by recurring droughts, livestock farming (cattle, sheep & goats) has been drastically affected, making it an expensive industry to operate in due to the feeding costs that farmers have to incur for sustaining their livestock numbers. Pig farming presents a diversification option that farmers can consider. http://namibianfarming.com/pig-farming-anuntapped-industry/
MARKET DEVELOPMENTS
The global demand for smart agriculture is expected to hit USD 20,635 million by 2026, rising at a CAGR (Compound annual growth rate) of more than 14 per cent from 2019 to 2026, according to a new research report published by Polaris Market Research. http://namibianfarming.com/smart-agriculture-market-to-be-worth-us-millions-by-2026/
The Kunene trans-boundary water supply project, a joint project between Angola and Namibia, has resulted in reduced water system losses in the water transfer from Angola into Namibia. https://economist.com.na/58660/agriculture/joint-water-projectimproves-availability-of-potable-water-for-namibia-and-angola/
A delegation from the Roots Agricultural village at Stampriet recently paid a courtesy visit to Agribank, to present and showcase their first harvest from the apple project that was co-financed by the bank. https://economist.com.na/58817/agriculture/firstever-commercial-apple-orchard-bears-fruit/
- This Market Analysis was compiled by Agribank’s Research and Product Development Division
In the photo: Ms Indileni Nanghonga, Agribank’s Senior Researcher and Product Development Officer
