*THE OIL IS DEAD!*

*"Britain to ban sale of all diesel and petrol cars and vans from 2040 ".*

Fellow Nigerians:
"The house is on fire and the owners are running after rats"!

Let me help us understand the implication of what the UK is about to do. In 2011 Obama made a similar statement. When he said,
" We Will end our dependence on foreign oil".

At the time when he made this audacious statement, Nigeria was the 5th largest exporter of oil to the United States. And things looked good for us as a nation. A lot of us did not know that Obama was actually talking about us. We were so consumed with the opium of a cool, black African President, who will do us no harm. Three years later, the U.S stopped importing crude oil from us. And the result was devastating. They gave our oil a red card. And the red card gave our currency, the naira, a knockout punch, “one blow, seven die”. We went from N200 to a dollar to N500 to a dollar. The consequence of this was dare and severe, and everyone felt it. The prices of food and other commodities suddenly went through the roof. People began to struggle financially, hardship became common place, state governments couldn’t pay salaries and banks began to lay off innocent men and women. It is not as if we are even out of the wood yet, and now this.

So what happened? Why did the U.S stop buying our oil? The answer is shale oil. They discovered shale oil, developed the capacity to drill this liquid and therefore did not need our oil anymore. They replaced us with their own home grown oil. Shale oil disrupted us.

There is an African proverb that says, “When the mouse laughs at the cat, there is a hole nearby”. Ladies and gentlemen as I write this post, it might interest you to know that Tesla just unveiled a car called model 3. This car can run for 215 miles after charging it. It does not have plugs, no valves, no gasket to replace, no combustion engine and therefore no need for a mechanic to fix it. It is a technology car with softwares, artificial intelligence, applications, digital devices and auto pilot. Meaning that you can sit behind the wheel of the car and watch the car drive itself. And it does not pollute the environment. Remarkable!

This is the future that emboldened the UK, France and other countries to declare that they cannot carry on with diesel and petrol cars anymore.

And the winner is Elon Musk. He just disrupted the auto industry. He has succeeded in moving the entire buzz about the future of transportation from hype to reality and other auto industries are rushing to join. Volvo for instance just announced that by 2019 they will stop producing any kind of diesel/petrol cars. 2019 is two years from now.

Fellow Nigerians, the future is with us today and electric car is the future. Electric car has finally disrupted petrol cars; the same way that the computer disrupted the typewriter several years ago.

What this means for us as a country is that the demand for oil will start going down. In the next three years, some countries will join the UK in rejecting our oil because they will no longer need it. Demand for our oil will fall. And as demand falls, the price of oil will crash and as prices fall the value of our naira will crash to possibly N1000 to a dollar or N2000 to a dollar. I am not a futurist and I am not an economist but it was right before our very eyes that we saw our naira crash from N250 to a dollar to N500 to a dollar in less than one year. The only reason why our currency gained value thereafter was because OPEC came together to pull the plug over oil fields.

Each time I discuss this issue with friends, I usually get this question. Sam, do you mean that the oil industry will soon disappear? My answer is usually NO! Developing countries like Nigeria, Ghana, Venezuela, Trinidad and Tobago will remain with combustion engine cars far beyond 2040. As a matter of fact, most of the petrol and diesel cars currently plying the roads of the developed world today, would end up in Africa. So petrol cars will be with us for a while.

Another use for our oil is in the aviation industry, the shipping industry, the petrochemical industry, the plastic industry and some other industries that use derivatives from crude oil. So to an extent, oil will continue to be relevant. The only problem is that the major consumer of oil, petrol/diesel combustion engine will disappear. And this will just help to drive nails into the coffin of the oil industry.

Ladies and gentlemen, the future is not good for oil, no matter which way you look at it.

*Oil is dead!*

*And now the question is, what next Nigeria......?*

************Copied***********

Cocoa (& other plantation cash crops) are dead. But, together; we make it (them) alive again.

I remain d CocoaMaster

Biafrans won't like to hear this.

[color=#990000][/color] only if we know what we're doing

THANK YOU FOR YOUR THREAD CAPTION...



TRUTH IS, NIGERIA ISN'T READY FOR DIVERSIFICATION AND WE ARE NOT READY FOR THE GREAT DISASTER THAT LIES AHEAD.


OUR MINISTER OF PETROLEUM HAS TOLD US THAT OUR OIL RESERVES ARE ESTIMATED TO LAST FOR 30 YEARS WHICH IS APPROX 2047.


WHAT ARE WE DOING IN THAT REGARD?



NOTHING!


OTHER COUNTRIES ARE GRADUALLY DRIFTING AWAY FROM OIL BECAUSE IT IS A DIMINISHING ASSET AND ALSO A THREAT TO OUR CLIMATE.


IT IS SAD THAT IN THIS AGE, NIGERIA IS STILL A DIE HARD FAN OF FOSSIL FUEL AND DESPITE BEING KIDNAPPED IN THE PROCESS OF EXPLORATION, THEY ARE STILL VOWING TO CONTINUE IN THE SEARCH FOR MORE OIL.


INDEED, THERE WAS A COUNTRY!

Hmmmm...........

There's a country!

What's d way out?

What action are we taking as a group?

What action are we taking as individual?

...........Fellow Nigerians, the future is with us today and electric car is the future. Electric car has finally disrupted petrol cars; the same way that the computer disrupted the typewriter several years ago.............

Why Crude oil will die soon.......

At the age of 57, John B. Goodenough invented the lithium battery which powers all our smart phones, tablets and laptops - as well as electric cars.

37 years later at the age of 94, John has unveiled a new, ultra-efficient, low cost battery which uses a sodium or lithium coated glass electrolyte. It will dwarf his original invention and make it redundant.

The new glass battery will allow electric cars to go three times the distance, and recharge in minutes instead of hours. It's also far safer as it won't explode and can operate in sub-zero temperatures.

The new glass battery will power our future solar powered and electric vehicles, homes and industries.

But John isn't finished yet. He still works every day as a Professor at the University of Texas.

John believes humanity has a 30 year window to come up with an even more powerful "super battery" to take us entirely off fossil fuels, before the environmental damage we are creating becomes irreversible, and says, "I want to solve this problem before my chips are in ..... I still have time to go."

So if you ever think it's too late to be successful, just remember John B. Goodenough.

https://news.utexas.edu/2017/02/28/goodenough-introduces-new-battery-technology

Paris will ban gas and diesel vehicles by 2030. Authorities say a rise in the city's pollution means they need to go electric ASAP.

Something to think about.


*20 MAJOR RISKS TO GLOBAL FINANCIAL MARKETS IN THE COMING YEARS (LONG TERM)*

1. Most people will stop buying cars in a decade-and-a-half (a prediction that 95 percent of all US passenger miles traveled will be addressed by fleets, not individuals, by 2030).

2. People will increase renting of assets (over buying these) because they will never be sure of where they would be living a few years hence.

3. The cost of commute will become the 'next telecom' (virtually free, that is).

4. Most cars will be made from recycled steel, as a result of which, ore companies will go belly-up.

5. The large steel sector debt will not be able to be returned to banks.

6. Electric cars, with around 18 moving parts compared with 10,000 for the usual petrol-driven variety, would accelerate the death of the automobile components industry.

7. The demise of the auto component industry will affect the global alloys steel sector (including ore and ferro alloys).

8. Oil behemoths will not be able to repay their loans if oil consumption declined (elimination unlikely).

9. Electric vehicles will come with an unlimited warranty. Which means that after you once buy a vehicle, you would not need to buy another, ever.

10. Oil-based economies (Saudi Arabia, Iran, Iraq, Russia, Nigeria etc) will go into a crisis.

11. Some of the funding coming out of these countries (read what you will into this) will disappear and the world will become a more peaceful place.

12. Cash-rich automotive lubricant companies will discover there is nothing to really lubricate.

13. 3D printing will even out the wage arbitrage between developed and developing nations.

14. Robotisation (or artificial intelligence) will clean out jobs (as it has in the banking sector, where business has grown disproportionately faster than recruitment).

15. A number of skills will become obsolete (microsurgical, for instance) because a robot will do it better.

16. Renewable energy will kick-start a long-term coal decline.

17. Large coal behemoths employing thousands will file for bankruptcy (already happening).

18. Banks will become a concept rather than a place, banks will become more about systems than people.

19. The world will move towards deflation arising out of an abundance of money and relatively limited spending.

20. The new retirement age will become 50 years (average).


Are we ready?

theworldbest pls check ur mail, I hv replied u

*THE FUTURE IS HERE*

Just 17 years ago, Kodak had 170,000 employees and sold 85% of all photo paper worldwide. Within just a few years, their business model disappeared and they were bankrupt. This will happen in a lot of industries in the next 10 years - and most people in those industries don't see it coming.

It will happen with Artificial Intelligence, health, autonomous and electric cars, education, 3D printing, agriculture and jobs. Software disrupting 90% of traditional industries within 5-10 years. It is amazing to think that Uber is just a software tool, they don't own any cars, and are now the biggest taxi company in the world. Airbnb is now the biggest hotel company in the world, although they don't own any properties.

In the US, young lawyers can’t get jobs. Because of IBM Watson, you can get legal advice within seconds, with 90% accuracy compared with 70% accuracy when done by humans. Watson already helps nurses diagnose cancer, 4 time more accurate than human nurses. Facebook has a pattern recognition software that can recognize faces better than humans. In 2030, computers will become more intelligent than humans.

In 2019 the first self-driving cars will appear. By 2022 most of us won’t own a car anymore. You will call a car with your phone, it will show up and drive you to your destination. Our kids will never get a driver's licence and will never own a car.

Cities will have 90-95% less cars, parking space can become parks. We now have one car accident every 60,000 miles, autonomous driving will drop that to 6 million miles and save a million lives each year. Many car companies could become bankrupt. Without accidents, insurance will become 100 times cheaper, the car insurance business model will disappear. Real estate will change, because working while you commute will enable people to live better further away.

Cities will be less noisy because cars will be electric. Electricity will be incredibly cheap and clean: Last year, more solar energy was installed worldwide than new fossil installations. The price for solar will drop so much that coal companies will be out of business by 2025.

With cheap electricity comes cheap and abundant water. Desalination now only needs 2kWh per cubic meter. Imagine what will be possible if anyone can have as much clean water as they need, for nearly no cost.

One of the major beneficiaries will be health: There will be companies who will build a medical device called the "Tricorder", that works with your phone, taking your retina scan, your blood sample and when you breathe into it. it analyses 54 biomarkers that will identify nearly any disease. It will be cheap, so in a few years everyone on this planet will have access to world class medicine, nearly for free.

The future is already here.
*Is Nigeria Ready for the Future?*

Are Nigerians ready for the future?

The changes are quietly creeping in on us;
*Who is using Post Office today?
*In the last 2 years many people have not bought or read newspaper.
*TV and cable TV is on its way out with smart TV connected to internet and you can watch millions of channel with your data.

The future is already here. Are you part of the future? Are your children part of the future?

Interesting

Chairman, I don't see you online again, whatassp

kunleweb:
Interesting

confluence:
Chairman, I don't see you online again, whatassp

Kindly add.me.now boss


0818 397 9372

confluence:
Chairman, I don't see you online again, whatassp

I lost all my.contacts due to my damaged.phone. Can I have your contact?

Sir it is time to do the work. We make micro generator for powering homes and small shops.

Let engineers s and innovators in the land get in the business of powering Nigeria with renewables.

See you at the clean top.

Future World Actions before us today so Think Hard so you are not left behind

1-Auto repair shops will disappear.

2-A petrol/diesel engine has 20,000 individual parts. An electrical motor has 20. Electric cars are sold with lifetime guarantees and are only repaired by dealers. It takes only 10 minutes to remove and replace an electric motor.

3-Faulty electric motors are not repaired in the dealership but are sent to a regional repair shop that repairs them with robots.

4-Your electric motor malfunction light goes on, so you drive up to what looks like a car wash, and your car is towed through while you have a cup of coffee and out comes your car with a new electric motor!

5-Petrol pumps will go away.

6-Street corners will have meters that dispense electricity. Companies will install electrical recharging stations; in fact, they’ve already started in the so called developed world.

7-Smart major auto manufacturers have already designated money to start building new plants that only build electric cars.

8-Coal industries will go away. Gasoline/oil companies will go away. Drilling for oil will stop. So say goodbye to OPEC! The middle-east is in trouble.

9-Homes will produce and store more electrical energy during the day and then they use and will sell it back to the grid. The grid stores it and dispenses it to industries that are high electricity users. Has anybody seen the Tesla roof?

10-A baby of today will only see personal cars in museums. The FUTURE is approaching faster than most of us can handle.

11-In 1998, Kodak had 170,000 employees and sold 85% of all photo paper worldwide. Within just a few years, their business model disappeared and they went bankrupt. Who would have thought of that ever happening?

12-What happened to Kodak and Polaroid will happen in a lot of industries in the next 5-10 years … and most people don't see it coming.

13-Did you think in 1998 that 3 years later, you would never take pictures on film again? With today’s smart phones, who even has a camera these days?

14-Yet digital cameras were invented in 1975. The first ones only had 10,000 pixels, but followed Moore's law. So as with all exponential technologies, it was a disappointment for a time, before it became way superior and became mainstream in only a few short years.

15-It will now happen again (but much faster) with Artificial Intelligence, health, autonomous and electric cars, education, 3D printing, agriculture and jobs.

16-Forget the book, “Future Shock”, welcome to the 4th Industrial Revolution.

17-Software has disrupted and will continue to disrupt most traditional industries in the next 5-10 years.

18-UBER is just a software tool, they don't own any cars, and are now the biggest taxi company in the world! Ask any taxi driver if they saw that coming.

19-Airbnb is now the biggest hotel company in the world, although they don't own any properties. Ask Hilton Hotels if they saw that coming.

20-Artificial Intelligence: Computers become exponentially better in understanding the world.
This year, a computer beat the best Go-player in the world, 10 years earlier than expected.

21-In the USA, young lawyers already don't get jobs. Because of IBM's Watson, you can get legal advice (so far for right now, the basic stuff) within seconds, with 90% accuracy compared with 70% accuracy when done by humans. So, if you study law, stop immediately. There will be 90% fewer lawyers in the future, (what a thought!) only omniscient specialists will remain.

22-Watson already helps nurses diagnosing cancer, its 4 times more accurate than human nurses.

23-Facebook now has a pattern recognition software that can recognize faces better than humans. In 2030, computers will become more intelligent than humans.

24-Autonomous cars: In 2018 the first self-driving cars are already here. In the next 2 years, the entire industry will start to be disrupted. You won't want to own a car anymore as you will call a car with your phone, it will show up at your location and drive you to your destination.

25-You will not need to park it you will only pay for the driven distance and you can be productive while driving. The very young children of today will never get a driver's license and will never own a car.

26-This will change our cities, because we will need 90-95% fewer cars. We can transform former parking spaces into green parks.

27-About 1.2 million people die each year in car accidents worldwide including distracted or drunk driving. We now have one accident every 60,000 miles; with autonomous driving that will drop to 1 accident in 6 million miles. That will save a million lives plus worldwide each year.

28-Most traditional car companies will doubtless become bankrupt. They will try the evolutionary approach and just build a better car, while tech companies (Tesla, Apple, Google) will do the revolutionary approach and build a computer on wheels.

29-Look at what Volvo is doing right now; no more internal combustion engines in their vehicles starting this year with the 2019 models, using all electric or hybrid only, with the intent of phasing out hybrid models.

30-Many engineers from Volkswagen and Audi; are completely terrified of Tesla and they should be. Look at all the companies offering all electric vehicles. That was unheard of, only a few years ago.

31-Insurance companies will have massive trouble because, without accidents, the costs will become cheaper. Their car insurance business model will disappear.

32-Real estate will change. Because if you can work while you commute, people will abandon their towers to move far away to more beautiful affordable neighborhoods.

33-Electric cars will become mainstream about 2030. Cities will be less noisy because all new cars will run on electricity.

34-Cities will have much cleaner air as well.

35-Electricity will become incredibly cheap and clean.

36-Solar production has been on an exponential curve for 30 years, but you can now see the burgeoning impact. And it’s just getting ramped up.

37-Fossil energy companies are desperately trying to limit access to the grid to prevent competition from home solar installations, but that simply cannot continue - technology will take care of that strategy.

38-Health: The Tricorder X price will be announced this year. There are companies who will build a medical device (called the "Tricorder" from Star Trek) that works with your phone, which takes your retina scan, your blood sample and you breath into it. It then analyses 54 bio-markers that will identify nearly any Disease. There are dozens of phone apps out there right now for health purposes.

WELCOME TO THE FUTURE TODAY. it actually arrived a few years ago.
⚓
Let us wake up to the 21st century challenges ....

Are u ready? Are we ready for the new world?

Newway2:
Future World Actions before us today so Think Hard so you are not left behind

1-Auto repair shops will disappear.

2-A petrol/diesel engine has 20,000 individual parts. An electrical motor has 20. Electric cars are sold with lifetime guarantees and are only repaired by dealers. It takes only 10 minutes to remove and replace an electric motor.

3-Faulty electric motors are not repaired in the dealership but are sent to a regional repair shop that repairs them with robots.

4-Your electric motor malfunction light goes on, so you drive up to what looks like a car wash, and your car is towed through while you have a cup of coffee and out comes your car with a new electric motor!

5-Petrol pumps will go away.

6-Street corners will have meters that dispense electricity. Companies will install electrical recharging stations; in fact, they’ve already started in the so called developed world.

7-Smart major auto manufacturers have already designated money to start building new plants that only build electric cars.

8-Coal industries will go away. Gasoline/oil companies will go away. Drilling for oil will stop. So say goodbye to OPEC! The middle-east is in trouble.

9-Homes will produce and store more electrical energy during the day and then they use and will sell it back to the grid. The grid stores it and dispenses it to industries that are high electricity users. Has anybody seen the Tesla roof?

10-A baby of today will only see personal cars in museums. The FUTURE is approaching faster than most of us can handle.

11-In 1998, Kodak had 170,000 employees and sold 85% of all photo paper worldwide. Within just a few years, their business model disappeared and they went bankrupt. Who would have thought of that ever happening?

12-What happened to Kodak and Polaroid will happen in a lot of industries in the next 5-10 years … and most people don't see it coming.

13-Did you think in 1998 that 3 years later, you would never take pictures on film again? With today’s smart phones, who even has a camera these days?

14-Yet digital cameras were invented in 1975. The first ones only had 10,000 pixels, but followed Moore's law. So as with all exponential technologies, it was a disappointment for a time, before it became way superior and became mainstream in only a few short years.

15-It will now happen again (but much faster) with Artificial Intelligence, health, autonomous and electric cars, education, 3D printing, agriculture and jobs.

16-Forget the book, “Future Shock”, welcome to the 4th Industrial Revolution.

17-Software has disrupted and will continue to disrupt most traditional industries in the next 5-10 years.

18-UBER is just a software tool, they don't own any cars, and are now the biggest taxi company in the world! Ask any taxi driver if they saw that coming.

19-Airbnb is now the biggest hotel company in the world, although they don't own any properties. Ask Hilton Hotels if they saw that coming.

20-Artificial Intelligence: Computers become exponentially better in understanding the world.
This year, a computer beat the best Go-player in the world, 10 years earlier than expected.

21-In the USA, young lawyers already don't get jobs. Because of IBM's Watson, you can get legal advice (so far for right now, the basic stuff) within seconds, with 90% accuracy compared with 70% accuracy when done by humans. So, if you study law, stop immediately. There will be 90% fewer lawyers in the future, (what a thought!) only omniscient specialists will remain.

22-Watson already helps nurses diagnosing cancer, its 4 times more accurate than human nurses.

23-Facebook now has a pattern recognition software that can recognize faces better than humans. In 2030, computers will become more intelligent than humans.

24-Autonomous cars: In 2018 the first self-driving cars are already here. In the next 2 years, the entire industry will start to be disrupted. You won't want to own a car anymore as you will call a car with your phone, it will show up at your location and drive you to your destination.

25-You will not need to park it you will only pay for the driven distance and you can be productive while driving. The very young children of today will never get a driver's license and will never own a car.

26-This will change our cities, because we will need 90-95% fewer cars. We can transform former parking spaces into green parks.

27-About 1.2 million people die each year in car accidents worldwide including distracted or drunk driving. We now have one accident every 60,000 miles; with autonomous driving that will drop to 1 accident in 6 million miles. That will save a million lives plus worldwide each year.

28-Most traditional car companies will doubtless become bankrupt. They will try the evolutionary approach and just build a better car, while tech companies (Tesla, Apple, Google) will do the revolutionary approach and build a computer on wheels.

29-Look at what Volvo is doing right now; no more internal combustion engines in their vehicles starting this year with the 2019 models, using all electric or hybrid only, with the intent of phasing out hybrid models.

30-Many engineers from Volkswagen and Audi; are completely terrified of Tesla and they should be. Look at all the companies offering all electric vehicles. That was unheard of, only a few years ago.

31-Insurance companies will have massive trouble because, without accidents, the costs will become cheaper. Their car insurance business model will disappear.

32-Real estate will change. Because if you can work while you commute, people will abandon their towers to move far away to more beautiful affordable neighborhoods.

33-Electric cars will become mainstream about 2030. Cities will be less noisy because all new cars will run on electricity.

34-Cities will have much cleaner air as well.

35-Electricity will become incredibly cheap and clean.

36-Solar production has been on an exponential curve for 30 years, but you can now see the burgeoning impact. And it’s just getting ramped up.

37-Fossil energy companies are desperately trying to limit access to the grid to prevent competition from home solar installations, but that simply cannot continue - technology will take care of that strategy.

38-Health: The Tricorder X price will be announced this year. There are companies who will build a medical device (called the "Tricorder" from Star Trek) that works with your phone, which takes your retina scan, your blood sample and you breath into it. It then analyses 54 bio-markers that will identify nearly any Disease. There are dozens of phone apps out there right now for health purposes.

WELCOME TO THE FUTURE TODAY. it actually arrived a few years ago.
⚓
Let us wake up to the 21st century challenges ....

Are u ready? Are we ready for the new world?

Are we ready?

Brazil earned $151 billion in 2019 from agriculture. Phenomenal!

Brazil in 2018 earned $43 billion from sugar, $33 billion from soya exports, $7.5 billion from beef export and Brazil is now working to earn $200 billion from agriculture in the next years.

Russia today earns more from agriculture than arms exports. Russia is already leading the world in wheat exports and Russia is investing $70 billion to have a grains production capacity of 150 million MT.

China buys $41 billion of agriculture products from the USA. China imports $80 billion worth of food yearly. China still has 425 million people as agriculture workers (35 percent of their labour force).

Agriculture, food, and related agro industries contributed $1.053 trillion to U.S. gross domestic product (GDP) in 2017, a 5.4-percent share.

Nigeria earned $33 billion from oil and gas in 2018, when the average closing price of oil was $65 per barrel.

Nigeria’s budget for 2020 was N10.53 trillion ($35 billion) based on the barrel price of $57 for oil.

There has never been a time like this in the world’s history, where you have a near full capacity of storage for oil in the entire world (even floating in ships on the seas), with extremely low demand for oil, due to the pandemic and limited movement of people, vehicles, planes and ships.

What this means, is that Nigeria and Nigerian investors need to invest even more in agriculture and its entire value chain (processing, storage, logistics, trading, farming, mechanization, irrigation, innovation and even R&).

https://riotimesonline.com/brazil-news/brazil/brazilian-agriculture-expects-a-gross-production-value-of-r603-4-billion-in-2019/


Endorsed by
Adm.Dr.Tokunbo Akeredolu-Ale (FCISMDM FCIA FCILRM FCIPM FIMC) WWW.OMNIBUS-AGRO.COM +2348185000488

Hmm loading wre are going to keep remembering dis tread very soon always.. E Don happen

Brazil soybean exports hit record in April

By Roberto Samora

SAO PAULO, May 4 (Reuters) - Brazilian soybean exports in April reached 16.3 million tonnes, an all-time record for a single month and an increase from 9.4 million tonnes in same month last year, according to average daily export data released on Monday by the government.

The previous record was 12.35 million tonnes, set in May 2018. Brazil, the world's largest exporter of soybeans, had shipped 11.64 million tonnes of soybeans in March, according to government data, as local farmers finish collecting another bumper crop.

The market expects Brazil to continue reporting strong soy export numbers in May, June and July, though it is not clear if the April record will be beat, Luiz Fernando Roque, an analyst at consultancy Safras & Mercado, told Reuters. The first export figures in May indicate Brazil should export at least 9 million tonnes this month, he added.

"I think May and June will still be strong, but the changes of breaking the April record are small," he said. "It's unlikely."

In the medium-term, he added, the phase 1 trade deal between the United States and China has created uncertainty for Brazilian exports in the second half of the year, as China is required to import a minimum amount of U.S. soy under the deal's terms.

"The big doubt is whether or not China will honor that accord," Roque said.

Newway2:
Brazil soybean exports hit record in April

By Roberto Samora

SAO PAULO, May 4 (Reuters) - Brazilian soybean exports in April reached 16.3 million tonnes, an all-time record for a single month and an increase from 9.4 million tonnes in same month last year, according to average daily export data released on Monday by the government.

The previous record was 12.35 million tonnes, set in May 2018. Brazil, the world's largest exporter of soybeans, had shipped 11.64 million tonnes of soybeans in March, according to government data, as local farmers finish collecting another bumper crop.

The market expects Brazil to continue reporting strong soy export numbers in May, June and July, though it is not clear if the April record will be beat, Luiz Fernando Roque, an analyst at consultancy Safras & Mercado, told Reuters. The first export figures in May indicate Brazil should export at least 9 million tonnes this month, he added.

"I think May and June will still be strong, but the changes of breaking the April record are small," he said. "It's unlikely."

In the medium-term, he added, the phase 1 trade deal between the United States and China has created uncertainty for Brazilian exports in the second half of the year, as China is required to import a minimum amount of U.S. soy under the deal's terms.

"The big doubt is whether or not China will honor that accord," Roque said.

*April Fool in Nigeria versus April Boom in Brazil*

Brazil just exported a record of 16,300,000 mt of soybean in April.

One MT of soybean is $332 today, hence, Brazil earned approximately $5,427,900,000 in April ($5.4 billion) from soybean sales, in contrast, Nigeria did not seem able to sell any crude oil in the month of April.

However, let us even assume that Nigeria sold all its crude oil in the month of April, plus, Nigeria did not need to use any for local refineries and did not need to share any money with those who actually drill the oil, and lets say Nigeria pumped out 2 million barrels for 30 days in the month of April, that would be 60 million barrels. April was a bad month for oil prices for Nigeria, but lets use today’s price of $30/barrel, that would be $1.8 billion in sales of Nigerian crude oil in April, in contrast to Brazil that sold $5.4 billion of soybeans in April.

That means, Brazil’s April sales of soybeans is three times more than the entire crude oil of 60 million barrels that Nigeria, could have sold in April.

Please look at the picture of the red soil that grows the soybeans in Brazil and the trucks loading the soybeans.....and one wonders the similarity with so many places in Nigeria.

For one country, Nigeria, it was April Fool and for the other, Brazil, it was April Boom!!

Good morning and God bless! ��

Nigeria is a loaded truck with deflated tyres but still believes it will get to the destination without cognitively restructuring.

Pavore9:
Nigeria is a loaded truck with deflated tyres but still believes it will get to the destination without cognitively restructuring.

I pray we get it right on time before it is too late

Newway2:



I pray we get it right on time before it is too late

Collectively as a Country, I have my doubts but clusters of individuals/SME,my faith is strong.

Pavore9:


Collectively as a Country, I have my doubts but clusters of individuals/SME,my faith is strong.

Hope it won't be late to venture into Agric come 2023

I'm still in school

Victornezzar:

Hope it won't be late to venture into Agric come 2023

I'm still in school

No, focus on your studies for now.

Pavore9:


No, focus on your studies for now.

Alright boss

Thanks a lot sir

Victornezzar:

Alright boss

Thanks a lot sir

You are welcome. Just be keeping yourself abreast with information regarding your area(s) of interest in Agriculture as you continue with your studies so that upon graduation, you won't have to be scratching your head thinking the way forward.

Pavore9:


You are welcome. Just be keeping yourself abreast with information regarding your area(s) of interest in Agriculture as you continue with your studies so that upon graduation, you won't have to be scratching your head thinking the way forward.

Will do just that boss

Thanks for the encouragement