Nigerians Warned To Get Ready For More Expensive Bread As Price Of Wheat Soars By 33%
The COVID-19 pandemic has affected us in many ways and is set to continue to do so.
The latest change is that the price of Nigerian grown wheat has risen by an amazing 33 per cent due to the low production volumes of the product.
It was gathered from the Wheat Growers Association of Nigeria that the projected price of the product was N180,000 per metric tonne at the beginning of the planting season. However, due to the COVID-19 containment measures that affected the harvest process the price had increased to N240,000 per metric tonne.
Wheat is important to the diet of many Nigerians as it is a major component of wheat flour, pasta, noodles and spaghetti, among other things.
It is also the major raw material for flour used in baking and this will now not only increase the price of cakes, biscuits and pastries but most importantly of a true Nigerian necessity - namely bread.
The President of the Wheat Growers Association Salim Muhammad, shared:
“The farmers who were able to harvest successfully did not have access to market because of the lockdown,”
Muhammad said from all indications, the hike in price would trickle down to millers, bakers and consumers.
To substantiate this the Association of Master Bakers and Caterers in Lagos State are also complaining of a hike in the rates of baking materials, especially flour.
According to the group, a bag of flour that cost N9,000 before COVID-19 crisis, now goes for N13,000.
Forecast made by the Food and Agricultural Organisation indicated that wheat imports, normally much more expensive for the end user, by Nigeria this year could reach an amazing 4.8 million tonnes but could and will probably be affected by the sharp depreciation in the naira.