Nigeria: Grain and Feed Update

Corn and wheat imports are projected to rise in the marketing year (MY) 2025/26, due to a more stable foreign exchange rate, improved consumer purchasing power, and lower world grain prices compared to the prior MY. These factors are expected to lower production costs for feed and flour millers. Notably, the decline in domestic corn prices is expected to increase poultry and egg production, a major source of corn consumption in Nigeria. Rice imports are projected to rise by 5 percent to 3.2 million metric tons (MMT) in MY 2025/26 due to favorable import pricing.