Nigeria: Grain and Feed Annual
Post estimates U.S. 2015/16 wheat exports to Nigeria at 2.3 million tons, a 17 percent decrease largely due to existing import levies. The U.S. market share for Nigeria’s wheat imports currently stands at about 55 percent. Farmers are expected to shift from corn production largely due to unprofitable market prices and lack of storage facilities. Given large carryover corn supplies, MY2015/16 corn imports are estimated at 300,000 tons. MY2014/15 rice ending stocks are at 1.3 million tons due to major importers purchasing higher-than-normal supplies to sell during the presidential election campaign and to stockpile in anticipation of policy changes to existing import quotas and levies by the new government.