Commodity & Trade Updates

The tariffs announced in March have had very little impact on food prices so far.

In a country where the minimum wage is ₦70,000 (approximately $50) per month, rising inflation has forced many Nigerians to prioritize their spending.

This downturn is attributed to wheat import restrictions imposed in June 2024, which disrupted the supply chain for flour producers.

Kenya currently imposes a 50% ad-valorem duty on maize imports from countries outside the East African Community (EAC), in line with the EAC’s Common External Tariff (CET).

Wheat consumption is forecast to rebound in 2025-26 to 109 million tonnes, recovering from last year’s dip to 104 million tonnes.