Despite the increase in the global price, a total of 2.6 million tonnes of wheat valued at N470.6 billion ($941.2 million) have been imported by Nigerian millers in the last six months.
Finding revealed that the price of the grain has gone up in major markets from $230 to $362 per metric tonne as consumers’ food preferences shifted towards wheat products. As of August 9, 2021, wheat quotes for the leading wheat producers rose significantly from between $236 per tonne to $318 per tonne.
In Argentina, price of the grain rose to $294/tonne; Australia, $294/tonne; European Union, $280/tonne; Russia, $268/tonne; Canada, $362/ tonne and United States, $318/ tonne. Meanwhile, since the beginning of July, 2021, price of the grain has grew by $48 per tonne in Canada…
More details through:
News Archive from before July 2018