Food security in Nigeria will be challenged this year with an anticipated decline in production of the country's most consumed cereals, shows the AFEX 2022 Wet Season Crop Production Report. The AFEX survey covers the whole territory with more than 20,000 farmers interviewed and a focus on maize, sorghum, soybeans, paddy rice, sesame and cocoa, commodities which are traded on the Afex Commodities Exchange.

Besides consumption growing faster than production, Nigeria has to deal with insecurity, climate change and global shocks. The report predicts an average decline in production levels of up to 11.5% for commodities such as maize, paddy rice, sorghum and cocoa. By contrast, soybeans and sesame will experience a 6.5% rise in production levels. Production was affected by the increase in the price of fertilizers, which more than doubled in naira, one of the consequences of the conflict between Ukraine and Russia. This increase affects most basic products, but paddy rice will be more sensitive to it with an anticipated drop of more than 22% in production volumes. On the other hand, it benefits soybeans, which consume less fertilizer, and whose production should increase by 7% with more farmers turning to this crop. Nigeria also had to deal with the worst flooding in a decade. Causing more than 300 deaths and more than 500,000 displaced, they affected 29 of the 36 states of Nigeria ...

Source

Commodafrica

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