1、 THIS REPORT CONTAINS ASSESSMENTS OF COMMODITY AND TRADE ISSUES MADE BY USDA STAFF AND NOT NECESSARILY STATEMENTS OF OFFICIAL U.S.GOVERNMENT POLICY Required Report:Required-Public Distribution Date:March 19,2025 Report Number:NI2025-0003 Report Name:Grain and Feed Annual Country:Nigeria Post:Lagos R
2、eport Category:Grain and Feed Prepared By:FAS-Lagos Staff Approved By:Christopher Bielecki Report Highlights:Corn,wheat,rice,and sorghum consumption is expected to increase in marketing year(MY)2025/26 due to the appreciation of the naira,slowing food price inflation,and macroeconomic stabilization.
3、These factors are expected to increase consumer purchasing power and consumption of these grains as food and feed.Rice production is estimated to decrease by 5 percent to 7.9 million metric tons(MMT)and imports are expected to increase by 16 percent to 2.8 MMT in MY 2025/26 due to favorable import p
4、ricing compared to domestic paddy.Informal imports from neighboring countries of lower priced parboiled brown and milled rice from India and Thailand are expected to place downward pressure on domestic rice prices.2 MARKET OVERVIEW In January 2025,Nigerias National Bureau of Statistics reported the
5、consumer price inflation(CPI)rate stood at approximately 24 percent year-on-year,officially a 10 percent decrease from the prior month,however this decline is attributed to the governments decision to rebase its inflation index.In the same report,the food price inflation rate was 26 percent in Janua
6、ry 2025 year-on-year,a more than 10 percent decline from the prior month due to the rebasement.Many expect CPI and food price inflation to decline in 2025 driven by improved macroeconomic stability,a steady naira,lower energy and fuel prices,and higher energy production driving foreign exchange gain