According to the Foreign agricultural service at the U.S. Department of agriculture (FAS USDA), this season, Nigeria will increase the import of wheat in connection with the expected increase in consumption.

Domestic consumption of wheat will increase to 4.16 million tons, 0.09 million tons compared with the 2015/16 season, imports to 4.5 million tons by 0.1 million tons.

Despite the current shortage of currency in Nigeria, the depreciation of the national currency and high inflation, products made from wheat are cheaper for most consumers than other basic food products. The increase in the consumption of wheat is stimulated by the continuing growth in demand for grain, while own production of this crop remains low.

The price of American wheat, which traditionally dominates the Nigerian market, the highest compared to competitors. Last season the difference between the export price of U.S. wheat and the Russian, canadian and Australian wheat was $82,13, $30,90 $10,19, respectively.

Due to the high price of U.S. wheat is rapidly losing its market share in Nigeria. In 2012. she was more than 90%. In 2016. she fell to 33%. At the same time the share of Russian wheat has increased from less than 1% to 28%.