Nigeria: Grain and Feed Update
Nigeria’s wheat consumption continues to increase as prices of other major locally grown staples remain higher than those for wheat products. MY2016/17 wheat consumption is estimated at 4.6 million tons, a 15 percent increase over last year’s. Increasing prices and prohibitive foreign exchange measures for rice imports in MY2016/17 resulted in a 12 percent drop in consumption from 6 million tons reported the previous year. With Nigeria’s market remaining price-conscious, the weakening purchasing power of consumers is expected to continue to impact grains consumption negatively. Limited Government of Nigeria (GON) support to farmers, inadequate basic infrastructure, rising cost of farming inputs and insecurity are hampering agricultural development and productivity in the country.
