The Bank of Ghana restricted access to foreign exchange for a select list of imported products, including rice, poultry, vegetable oils, and pasta, among other items, to implement a directive from the President of Ghana.
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.
The Government of Ghana (GOG) is pursuing the creation of a Grains Development Authority (GDA) to, among other objectives, further the development and regulation of the market for domestically produced grains and legumes.
On June 10, 2022, the Government of Kenya issued additional tariff exemptions for new feed ingredients to address rising feed costs. Duty exemptions were granted for genetically engineered Bt. cottonseed cake, distillers’ dried grains with solubles...
Forecasts of below average rainfall and extended dry spells in most parts of the country by the Ghana Meteorological Agency, looming shortage and soaring global prices of fertilizer, and a further cutback on fertilizer subsidy rate are set to erode the grain production gains of GOG’s Planting for Food and Jobs program.
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.
Kenya MY2022/23 corn production is forecast at 3.2 million metric tons (MMT), largely unchanged from MY2021/22 due to high fertilizer prices and farmers switching to alternative crops such as sugarcane.
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.