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Russian wheat eyeing Nigeria
Nigeria will appreciate the security system of Russian grain. According to the Rosselkhoznadzor, in order to increase the export volume of grain production in Russia will arrive delegation of experts from Nigeria. Africans will appreciate a set of measures to ensure the safety and quality of grain.
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In particular, the Nigerian assessors will visit the authorised institutions of the Rosselkhoznadzor in Moscow and Novorossiysk, as well as the grain terminal in Novorossiysk. The results of these visits are planned negotiations on deliveries of Russian grain.

According to experts, the wheat imports to Nigeria in 2019/20 MG will be 5.6 million tons, nearly 4 percent more than in 2018/19 MG, based on the growing consumption of food, seed and industrial (FSI).

The growth of wheat FSI consumption is due to population growth of approximately 2.54% (2015-20), was when Nigerians are increasingly moving to consumption of more products based on wheat flour.

According to forecasts, the volume of production of unprocessed rice in Nigeria in 2019/20 MG will be 7.4 million tons, which is approximately three percent, or 200,000 tons less than the forecast for 2018/19 year at 7.6 million tons.

Despite the fact that the Nigerian millers prefer the imported wheat, the government (starting in 2017) aims to reduce wheat imports by 50 percent. To reduce import, the government requires that local millers bought wheat at a fixed price of $ 400 per metric ton.

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Translated by service "Yandex.Translation"
Источники: IDK.Эксперт