Nigeria: Grain and Feed Update
Link to report:
Nigeria will rely on imports to meet its national requirements for grains (especially, wheat, corn, rice) in MY2020/21. Several factors are responsible for this dire situation - coronavirus lockdown restrictions, currency devaluations, insecurity, and climate change. These factors are contributing to the country’s lower grain production in the out-year. Rising food inflation, heightening unemployment, and lowering household incomes are expected to reduce grain consumption during the period. Meanwhile, Nigeria’s ineffective trade policies are constraining local food supply chains, elevating food inflation and increasing pressure on food security.
