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Imports of wheat, rice, and corn in marketing year (MY) 2024/25 are estimated to increase as the economy stabilizes, inflation decreases, and the government implements a temporary zero-duty import policy for the afore-mentioned commodities until December 31.
Zimbabwe’s production of its staple crop, corn, is expected to drop by almost 60 percent in marketing year 2024/25 due to extreme drought conditions associated with the El Niño weather phenomenon.
Due to rising insecurity in grain producing regions and higher input costs affecting planting decisions, corn and rice production is expected to decline in marketing year (MY) 2024/25.
In January 2024, Nigeria approved the commercial release of four TELA maize varieties, which have been genetically engineered for improved insect-resistance and drought-tolerance. In addition to South Africa, Nigeria has become the second country in...
Post estimates marketing year (MY) 2023/24 wheat consumption to decrease to 4.5 million metric tons (MMT) or 10 percent from USDA's official estimate.
Zimbabwe’s corn crop for marketing year 2023/24 is estimated at 1.5 million metric tons. This represents an increase of five percent from the previous marketing year’s crop, mainly due to a normal rainfall season in the northern parts of the country.
Rice import for MY 2023/24 is forecast to increase by 4 percent as flooding curbs domestic production and increases imports.
Nigeria wheat millers are diversifying their sources of wheat import due to the Russia-Ukraine crisis. FAS Lagos (Post) estimates wheat imports for MY 2022/23 at 6 million metric ton (MMT), a 3 percent reduction from last year’s Post estimate. Meanwhile, insurgency and floods in the northern part of the country greatly impacted corn and rice production respectively.
Zimbabwe’s corn crop for marketing year (MY) 2022/23 is estimated at 1.6 million metric tons (MMT), representing a drop of 43 percent from the bumper crop of 2.7 MMT produced in MY 2021/22. Many factors contributed to the drop in production including sub-optimal weather conditions, high input costs and macro-economic challenges.
Rice import for MY 2022/23 is forecast to increase by 12 percent as political campaigns and electoral activities leading up to the general election in 2023 gear up. A 4 percent marginal increase in wheat imports is envisioned as the Russia/Ukraine crisis prolongs. High flour mill operating costs will negatively impact the price of flour.
Imported wheat ensures Nigeria food security amid a growing population since domestic production remains minimal.
Zimbabwe’s corn crop for the 2021/22 marketing year (MY) is estimated at 2.7 million tons, an increase of almost 200 percent from the 907,628 tons of corn produced in the 2020/21 MY.