Trade4go Summary
A report by the US Department of Agriculture's Foreign Agricultural Service anticipates a rise in the consumption of corn, wheat, rice, and sorghum in Nigeria by 2025-26. This expected increase is due to factors such as the appreciation of the naira, slowed food price inflation, and macroeconomic stabilization. Wheat consumption is projected to rise by 10% to 5.6 million tonnes, with bread being a staple food for many Nigerians. Corn consumption is also expected to increase by 9% to 12.2 million tonnes, due to higher production and import levels. However, rice production is predicted to decrease by 5% to 7.9 million tonnes, leading to a 16% increase in imports. Sorghum consumption is expected to grow by 7% to 7.2 million tonnes, despite a predicted 6% decrease in production, due to its use as an alternative to corn in animal feed and by manufacturers.
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Original content
Corn, wheat, rice and sorghum consumption in Nigeria is expected to increase in 2025-26, driven by appreciation of the naira, slowing food price inflation and macroeconomic stabilization, according to a report from the Foreign Agricultural Service (FAS) of the US Department of Agriculture. Wheat consumption is expected to increase 10% to 5.6 million tonnes. About 70% of the wheat flour produced is used to make bread, with the rest used in other wheat-based food like cakes, biscuits and other pastries. Bread demand has remained steady despite price hikes in 2023-24 for Africa’s most populous country with about 228 million people. “In contrast to rice and other staples that are consumed with other ingredients, many consumers consider bread as a complete meal on its own,” the FAS said. “Consumers have adopted bread consumption as a coping mechanism due to challenging food price inflation.” Wheat production is estimated at 135,000 tonnes, about a 13% increase compared to the ...