Wheat

🇺🇸USD/NGN₦1,342.30▲
🇬🇧GBP/NGN₦1,818.68▼
🇺🇸USD/NGN₦1,342.30▲
🇬🇧GBP/NGN₦1,818.68▼
🇪🇺EUR/NGN₦1,579.92▲
🇯🇵JPY/NGN₦8.42▲
🇨🇦CAD/NGN₦997.72▼
🇦🇺AUD/NGN₦955.66▲
🇨🇳CNY/NGN₦196.61▼
🇸🇦SAR/NGN₦357.54▲
🇿🇦ZAR/NGN₦81.68▼
🇺🇸USD/NGN₦1,342.30▲
🇬🇧GBP/NGN₦1,818.68▼
🇺🇸USD/NGN₦1,342.30▲
🇬🇧GBP/NGN₦1,818.68▼
🇪🇺EUR/NGN₦1,579.92▲
🇯🇵JPY/NGN₦8.42▲
🇨🇦CAD/NGN₦997.72▼
🇦🇺AUD/NGN₦955.66▲
🇨🇳CNY/NGN₦196.61▼
🇸🇦SAR/NGN₦357.54▲
🇿🇦ZAR/NGN₦81.68▼

 

 

Wheat Production in Nigeria

Wheat is a strategic grain in Nigeria due to its importance in bread, pasta, noodles, and flour production, although the country remains heavily import-dependent.

Introduction

Nigeria consumes millions of tonnes of wheat annually, primarily driven by urban demand for bread and flour-based products. However, local production remains insufficient to meet domestic needs, resulting in significant import bills.

Wheat cultivation is concentrated in irrigated northern states during the dry season. Expansion efforts are ongoing to reduce dependency on foreign supply.

Major Producing States

Market Demand

Nigeria’s flour mills are among the largest in Africa, driving strong wheat demand year-round. Exchange rate fluctuations significantly affect wheat pricing due to import exposure.

Challenges

  • High irrigation costs
  • Limited improved seed availability
  • Competition with imported wheat

Opportunities

Expansion of irrigated farming schemes, seed development programs, contract farming with flour mills, and improved storage systems present major growth opportunities.

🇳🇬 Nigeria Commodity Market Prices

Live comparison of current vs previous market rates (₦/kg & ₦/50kg)

Commodity ₦/kg (Current) ₦/kg (Previous) Change ₦/50kg (Current) ₦/50kg (Previous)
Rice (Local) 1200 1500 45000 57500
Beans (White) 1500 1800 60000 80000
Maize 900 1250 36000 47000
Garri 950 1100 34000 42000
Millet 700 900 32000 45000
Sorghum 750 900 36000 45000
Soybeans 1300 1600 55000 80000
Yam (Tuber) 1000 1200 25000 32500
Tomatoes (Dry) 720 1000 36000 50000
Pepper (Dry) 950 1200 46000 60000
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