Nigeria: Grain and Feed Annual

  |   Attaché Report (GAIN)   |   NI2024-0002

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Nigeria: Grain and Feed Annual
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. Corn, wheat, and rice consumption is also expected to decline due to high retail sale prices, a weakened naira, and decreased consumer purchasing power. Corn production is estimated to decrease 8 percent to 11.0 million metric tons (MMT) and consumption is expected to decrease by 9 percent to 11.5 MMT in MY 2024/25. Wheat consumption in MY 2024/25 will decrease nearly 9 percent to 4.2 MMT, and imports are forecasted to decrease by 8 percent to 4.4 MMT. Informal exports of corn, rice, and sorghum to neighboring countries are expected to increase in due to the favorable currency exchange rate for the West Africa CFA franc relative to the Nigerian naira.
Africa (Sub-Sahara), Nigeria
Grains, Feeds and Fodders, Corn, Rice, Wheat

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