23 May 2022
Last update on Monday, May 23, 2022 At 4:48 PM
In sub-Saharan Africa, wheat is one of the main cereals consumed, along with maize and rice. In this region, where demand is mainly driven by urban areas, competition for market share is fierce among global exporters.
With the crisis between Ukraine and Russia disrupting the supply of wheat, Argentina intends to strengthen its presence in sub-Saharan Africa. According to data compiled by independent news provider Argus Media, the world’s 8th largest producer could ship 242,650 tons of the grain to the region by the end of May.
The targeted destinations are Angola, Tanzania, Guinea, Burundi, Cameroon, Kenya, Rwanda, Senegal, Côte d’Ivoire, South Africa and Nigeria. More specifically, for the last 6 countries on this list, cumulative wheat purchases are expected at 147,200 tonnes, i.e. more than four times the volume achieved in May 2021. Nigeria should notably import 53,500 tonnes of Argentinian wheat, while the South Africa and Senegal will absorb 20,000 tonnes and 18,500 tonnes respectively.
According to observers, this trend could mark the beginning of a gradual replacement of Black Sea wheat in these nations where the delivery of the cereal from the region remains difficult.
As a reminder, Argentina is the 6th largest wheat exporter in the world. In sub-Saharan Africa, Kenya is the leading outlet for the country with 540,000 tonnes of wheat absorbed in 2020 according to data from Trade Data Monitor.
Réagissez à cet article