The war in Ukraine affects Nigerian flour mills

Published 2022년 10월 26일

Tridge summary

Nigeria's wheat imports are projected to decrease by 3% in the 2022-23 marketing year, totaling 6 million tonnes, due to the Ukraine-Russia conflict. Before the war, Nigeria sourced 51% of its wheat from Russia and other Baltic countries. The conflict has led to a surge in wheat prices, making Black Sea wheat, including that from Russia and Ukraine, a more affordable option for Nigerian millers. However, the high logistics and diesel costs have led to an increase in the cost of wheat flour. In response to the high wheat prices and the potential for a prolonged Russia-Ukraine war, Nigerian bakeries are considering alternatives and have begun exploring the use of cassava flour, corn flour, and sweet potato flour in bread production.

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

Original content

Nigeria is forecast to import 6 million tonnes of wheat in the 2022-23 marketing year, down 3% from the previous season, according to a report by the Global Agricultural Information Network of the Foreign Agricultural Service of the Department of US Agriculture. (USDA). The report noted that the Ukraine-Russia war contributed to the decline in wheat imports. In 2021, Nigeria imported 51% of its wheat from Russia, Lithuania, Latvia and other Baltic countries. Russia's blockade of Ukrainian ports and the effect of sanctions imposed by the EU and other Western countries have caused wheat prices to soar. Wheat from Russia, Ukraine and other Black Sea countries remains the cheapest option for many millers in Nigeria. “Many millers blend Black Sea wheat with more expensive superior wheat from the United States and Canada to produce the dough needed for the bread that Nigerian consumers will eat,” the USDA said. “Wheat millers have increased the cost of wheat flour to accommodate the ...

Source: Agrolink