Nigeria: Grain and Feed Annual

Wheat consumption is projected to increase to 6.8 million metric tons (MMT) in MY 2026/27, with imports estimated at 7.2 MMT, driven by a stable exchange rate and improved consumer purchasing power. Corn faces a challenging outlook with production expected to decline as farmgate prices dropped by 52 percent through December 2025 compared to the prior year. Corn imports are expected to increase due to lower production and a stronger naira, making imports more attractive. Rice production is forecast to decline seven percent to 8.3 MMT as input prices remain high, imports help maintain lower domestic prices, and producers switch to less input intensive crops.