Rise in wheat demand by Nigeria, Egypt, and other importers has raised the price in Russian and the United States. In the last one month, the Lagos Port Complex has taken delivery of 252,728 tonnes of wheat valued at N22.87 billion ($63.1million) as prices rose from $204 per tonne to $250 per tonne.
The grain was ferried by eight vessels to Apapa Bulk Terminal Limited (ABTL) and Greenview Development Nigeria Limited (GDNL).
The Nigerian Ports Authority (NPA)'s shipping statistics revealed that at the ABTL, five ships arrived at the port with 207,975 metric tonnes with Seahorse Coastal laden with 10,000tonnes; Desert Grace, 39,349.92 tonnes; Ocean Eagle, 57,820 tonnes; Sea Luck, 52,000 tonnes and Desert Glory, 48805.477 tonnes…
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