AfricaBusinessNews

Ghana and four African countries projected for high rice imports in 2024

Rice has become the single most important source of dietary energy in West Africa and the third most important for Africa as a whole

While African cuisine is renowned for its diversity, one staple manages to unify dinner tables across the continent: rice.

Rice has become the single most important source of dietary energy in West Africa and the third most important for Africa as a whole. The staple is grown in about 40 out of 54 countries in Africa, and rice cultivation is the principal activity and source of income for more than 35 million smallholder rice farmers in Africa.

However, its demand is growing faster because of population growth, urbanisation, and changes in consumer preferences.

So while the continent boasts a wealth of fertile land and agricultural potential, the capacity to meet the burgeoning demand for rice is increasingly strained. The result is a growing reliance on importation to bridge the gap between production and consumption.

Africa has continued to import as much as 12.6 million tons (MT) of milled rice, with a huge rice import bill of about US$5.5 billion annually.

According to the latest Rice Outlook report by the U.S. Department of Agriculture (USDA), global rice trade in 2024 is projected at 52.85 million tons (milled basis), up 345,000 tons from the previous forecast.

And on the 2024 import side, import forecasts are raised for some African countries, including Burkina Faso and Nigeria.

Here are five African countries projected to have high rice imports in 2024:

Rank Country Current forecast (1,000 metric tons) Explanation for forecast
1 Nigeria 2100 Import forecast is raised based on stronger-than-expected demand for imported rice due to both high prices for domestic rice and quality concerns.
2 Ghana 800 Raised the import forecast based on stronger-than-expected purchases from top-supplier Vietnam.
3 Mozambique 700 Import forecast is raised to a near-record-high based on stronger-than-expected purchases from top-supplier India.
4 Burkina Faso 525 Raised the import forecast based on a smaller 2022/23 production estimate and resulting tighter supplies
5 Sierra Leone 450 Import forecast is reduced based on a slower-than-expected pace of purchases from India, the largest supplier of rice to Sierra Leone.

 

Asaase Radio 99.5 broadcasts on radio via 99.5 in Accra, 98.5 in Kumasi, 99.7 in Tamale, 100.3 in Cape Coast and on our affiliates Bawku FM 101.5 in Bawku, Beats FM 99.9 in Bimbilla, Somua FM 89.9 in Gushegu, Stone City 90.7 in Ho, Mining City 89.5 in Tarkwa and Wale FM 106.9 in Walewale
Tune in to broadcasts 
online: asaaseradio.com, Sound Garden and TuneIn
Follow us on Twitter: @asaaseradio995
Live streaming on facebook.com/asaase99.5. Also on YouTube: 
AsaaseXtra.
Join the conversation. Call: 020 000 9951 or 059 415 7777. Or WhatsApp: 020 000 0995.

#Asaase321
#TheVoiceofOurLand

#WeAreHere
#WeLoveOurLand
#SafeMotorway4All

Source
Business Insider Africa
Show More

Related Articles

Back to top button

Adblock Detected

ALLOW OUR ADS