Ife OgunfuwaThe price of Nigerian grown wheat has risen by 33 per cent due to the low production volumes of the product. The rise in the cost of wheat may lead to increase in the prices of bread and other pastries. “We set a price of N180,000 per metric tonne but the market demand raised the price to N240,000 per metric tonne, which the off-takers are not willing to accept,” Muhammad explained. Wheat is important to the diet of many Nigerians as it is a major component of wheat flour, pasta, bread, dough, noodles and spaghetti, among others. Data obtained from the National Bureau of Statistics showed that durum wheat flour and seeds were some of the major agricultural products imported in the first quarter of the year.

Source: Punch July 31, 2020 00:56 UTC