Nigeria’s wheat production seen rising 42%

Nigeria will see a 42 percent rise in wheat production between July 2023 and 2024 owing to a competitive guaranteed price agreed between farmers and millers, a recent United States Department of Agriculture (USDA) grain report said. The report stated that the Flour Millers Association of Nigeria (FMAN) signed a memorandum of understanding with the Wheat Farmers Association of Nigeria (WFAN) to purchase wheat at a competitive price. This is one of other reasons why Nigeria’s wheat production is expected to rise from 110,000 metric tons (MT) in 2022-2023 to 156,000MT in the 2023-24 market year, according to the USDA. “FMAN and WFAN will arrive at the determining price, by an agreed markup plus the cost of production,” the report said. “The MOU assures a ready market for wheat,” it added. In addition, FMAN aims to engage six certified seed companies to produce sufficient improved wheat seeds to plant 10,000 hectares (ha) in both the dry and wet seasons in 2023/24. The project will ...