Nigeria needs wheat and fertilizers from Russia

Published 2022년 10월 31일

Tridge summary

The US Department of Agriculture estimates that Nigeria's domestic wheat consumption for the 2022/23 season is 5.8 million tons, with imports projected to be 3% lower than the previous season at 6.0 million tons due to supply issues from the Black Sea region and the COVID-19 pandemic. Nigeria relies heavily on bread, which makes up a significant portion of its staple diet, and has been experiencing challenges due to rising freight and energy costs. The ongoing conflict in Ukraine and Western sanctions against Russia have affected wheat imports and production, leading Nigeria to consider mixing wheat with local flours like cassava, millet, and sweet potato. Additionally, the conflict has impacted corn production in Nigeria due to the global shortage of basic chemicals needed for fertilizer production, making it more expensive and out of reach for small farmers.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The US Department of Agriculture estimates domestic wheat consumption in Nigeria at 5.8 million tons in the 2022/23 season. However, difficulties with the supply of grain from the Black Sea region in 2022 and the COVID-19 pandemic have exposed the vulnerability of the Nigerian food system. Prior to the start of the NWO in Ukraine, the country imported significant amounts of wheat from Russia and other Black Sea countries, as bread is a staple food for millions of Nigerians. However, processors are currently facing serious business challenges amid rising freight and energy costs. Nigerian wheat imports are estimated by FAS USDA analysts in the 2022/23 season at 6.0 million tons, which is 3% less than in the 2021/22 season. Events in Ukraine contributed to the decline in wheat imports. In 2021, Nigeria imported 51% of its wheat demand from Russia, Lithuania, Latvia and other Baltic countries. Amid the global wheat price surge, wheat from Russia, Ukraine and other Black Sea countries ...

Source: Zol