Nigeria to import 2.1 million metric tons of rice, become top buyer globally in 2024 – USDA
Nigeria is projected to import 2.1 million metric tons of rice in 2024, which may make the country the top rice buyer globally.
This is according to the latest Rice Outlook report by the Economic Research Service of the U.S. Department of Agriculture (USDA).
The report notes that global rice trade will hit about 52.85 million tons (milled basis) by 2024, with more exports expected from Brazil and South Korea, and more imports expected from Burkina Faso, Indonesia, and Nigeria.
