JAMB - Economics (2024 - No. 45)
The revolution of Cassava from ordinary food crop to export crop will lead to
increase in production of other crops
increase in the prices of cassava products
decrease in production of local starch
decrease In production of cassava
Explanation
The recent revolution of cassava from an ordinary food crop to an export crop is likely to lead to an increase in the price of cassava products.
When cassava transitions from being primarily used as a food crop to an export crop, its demand and value in the international market tend to increase. This increased demand can result in higher prices for cassava products such as cassava flour, starch, or other processed derivatives.
When cassava transitions from being primarily used as a food crop to an export crop, its demand and value in the international market tend to increase. This increased demand can result in higher prices for cassava products such as cassava flour, starch, or other processed derivatives.
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