United States has lost 54 per cent or N677.5 billion ($1.36 billion) of its wheat supply to Nigeria to competitors. Prior to this development, the country supplied 80 per cent of the grain to Nigeria.
However, Russia, Canada, Ukraine, Kazakhstan, Australia, Latvia and Lithuania, which are the major competitors, have snatched the bulk of wheat exports coming into Nigeria.
Findings revealed that Nigerian millers would take delivery of 5.2 million tonnes of the grain valued at N1.25 trillion ($2.5 billion) before the end of the year as the country’s total local production is estimated at one per cent or 63,000 tonnes in the 2020/2021 season…
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