Wheat imports rise 54% in Q1 2017, says NBS
Data released by National Bureau
of Statistics (NBS) recently reveal that Nigeria’s annual wheat imports rose by
54 percent to $201 million in the first quarter of 2017 against the $130.9
million in the corresponding period in 2016.
The development is, among others,
due to the lack of High Quality Cassava Flour (HQCF), a composite which is
mixed with wheat by flour millers for flour production.
Explaining the unavailability of
HQCF on the market, Nike Tinier, President of the Industrial Cassava
Stakeholders Association of Nigeria, said the price at which millers currently
buy HQCF is no longer sustainable as prices of raw cassava tubers have soared
significantly.
“We no longer sell to the flour
millers because they want to buy a ton of HQCF for N80, 000 ($248) as against
the N160, 000 ($497) which is profitable for us. We need to continue to be in
business,” Tinier said. Moreover, there is a shortage of cassava tubers, from
which HQCF is derived, on the market.
The Food and Agriculture
Organization (FAO) in its recent bi-annual report forecasts showed that
Nigeria’s 2017 wheat imports will increase by 100,000 tonnes to 4.6 million tonnes,
despite restrictions on foreign exchange and government’s renewed commitment to
reduce imports next year.
“The insurgency in the
North-Eastern region is a major setback to our efforts in increasing wheat
production. Before the Boko Haram conflicts, Borno alone contributed 30 percent
to the country’s total output but now the state has been contributing nothing,”
indicated Saleh Mohammed, President, Wheat Growers Association of Nigeria.
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