Browse Data and Analysis

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.

FAS Tokyo projects Japan’s overall demand for feed grain to remain robust in MY2021/22 and MY2022/23 as livestock production expands. FAS Tokyo anticipates corn imports to decrease in MY2021/22 and MY2022/23 as feed millers increase the ratio of low-cost rice at the expense of corn in compound feed.

Imported wheat ensures Nigeria food security amid a growing population since domestic production remains minimal.

FAS Tokyo estimates MY2020/21 corn imports will be 15.5 million tons, down 2.4 percent from the previous year due to high global corn prices.

In 2021, Nigeria is expected to face decreases in grain supplies due to conflict and economic factors exacerbated by the secondary effects of COVID-19. Internal security across the country is a serious challenge to food production especially in the corn belt.

FAS Tokyo estimates stable feed demand in MY2020/21, but projects a slight shift from corn to rice, wheat, and barley in compound feed rations due to high corn prices.

Nigeria will rely on imports to meet its national requirements for grains (especially, wheat, corn, rice) in MY2020/21.

Feed production is projected to increase slightly, reflecting stable livestock production and a slight increase in poultry production.

Stable demand for feed and relative price competitiveness are forecast to maintain Japan’s robust demand for corn in MY2020/21.

Rice consumption continues to decline due to a shrinking population and reductions in per capita consumption.

FAS Lagos (Post) forecasts Nigeria’s wheat imports in MY 2019/20 at 5.6 MMT, up almost 4 percent compared to MY 2018/19 based on growing food, seed and industrial (FSI) usage.

Demand for feed ingredients in Japan remains strong in MY2018/19 as livestock inventories have seen little change.