Tag
WHEAT
In April, the global benchmark for food commodity prices ticked upwards, as declines in sugar and dairy products were outweighed by increase in meat prices, vegetable oils and cereals according to the Food and Agriculture Organization of the United Nations (FAO).
Egypt will allocate $2.66bn for bread subsidies in its 2024/2025 Budget and $3.13 billion in petroleum products subsidies according to a statement by Mohamed Mait, the country’s Finance minister.
The Federal Government has set a target of achieving around 472,000 metric tonnes of wheat production by the end of the dry season wheat farming program.
Nigeria has moved to boost the production of wheat in the country as it partners with food and agri-business giant, Olams International Limited.
The prices of bread are expected to increase by 50% or more across different sizes in April due to some pressing challenges facing the bakers.
Trade between Nigeria and Russia valued at over $2 billion is at risk as the war between Russia and Ukraine intensifies.
The prices of wheat climbed to a nine-year high as investors worry about a potential supply disruption due to the Russia-Ukraine conflict.
Nigeria’s central bank governor has hinted that Nigeria’s wheat production is expected to rise as 100,000 hectares of...
The Nigerian Government has announced that it has commenced the disbursement of 1,035 metric tons of wheat seed...
The Central Bank of Nigeria has set aside over N5 billion to aid farmers during the dry season...
Wheat, the third most widely consumed grain in Nigeria has been a major factor in the exchange rate...
The Central Bank of Nigeria (CBN) has devised strategic action plans to increase wheat production by addressing existing...