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Home Business Agribusiness

Ghana, four other African countries projected for high rice imports in 2024

2 years ago
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Ghana, four other African countries projected for high rice imports in 2024

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:

RANKCOUNTRYCURRENT FORECAST (1,000 METRIC TONS)EXPLANATION FOR FORECAST
1Nigeria2100Import forecast is raised based on stronger-than-expected demand for imported rice due to both high prices for domestic rice and quality concerns.
2Ghana800Raised the import forecast based on stronger-than-expected purchases from top-supplier Vietnam.
3Mozambique700Import forecast is raised to a near-record-high based on stronger-than-expected purchases from top-supplier India.
4Burkina Faso525Raised the import forecast based on a smaller 2022/23 production estimate and resulting tighter supplies
5Sierra Leone450Import forecast is reduced based on a slower-than-expected pace of purchases from India, the largest supplier of rice to Sierra Leone.
Source: businessinsiderafrica
Via: norvanreports
Tags: four African countries projected for high rice imports in 2024ghanaRice imports
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