Nigeria to produce more grain this year

Published 2022년 8월 10일

Tridge summary

Nigeria's grain production for 2022-23 is projected to reach 21.6 million tonnes, as per the International Grains Council, with corn crop production forecasted at 12.5 million tonnes and sorghum at 7 million tonnes. The country's total grain imports for the year are expected to reach 6 million tonnes, with wheat imports specifically expected to increase to 5.9 million tonnes. Rice imports are also anticipated to rise, reaching 2.1 million tonnes. Domestically, Nigeria is expected to produce 160,000 tonnes of wheat in 2022-23, a significant increase from the previous year.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Nigeria is Africa's largest economy and a major oil producer. Its grain processing industry is highly concentrated, with some of the biggest food industry players in the world. The government is responding to the country's dependence on imported wheat, the downsides of which were evidenced by the effects of the Russian invasion of Ukraine, by working to increase domestic production. In its June 23 grain market report, the International Grains Council (IGC) put Nigeria's total grain production for 2022-23 at 21.6 million tonnes, a revised figure from the previous month's forecast. of 21.1 million. He put 2021-22 production at 21.5 million. The IGC put the country's corn crop at 12.5 million tonnes, revised up from the 12 million forecast a month earlier, but down from 12.7 million a year earlier. Sorghum production is estimated at 7 million tonnes, an unrevised estimate, with a year earlier at 6.7 million. Total grain imports in 2022-23 were forecast at 6 million tonnes, the same ...
Source: Agrolink

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