About 300,000 metric tonnes of maize are soon to be released into the Nigerian market from strategic anchors under the Anchor Borrowers’ Programme (ABP) of the Central Bank of Nigeria (CBN), which watchers believe will reduce the current price of maize from N155,000 per metric tonne. The anticipated release follows moves made by the CBN, working with the Nigeria Customs Service (NCS), in the last quarter of 2020, to facilitate import waivers to four agro-processing companies to import 262,000 tonnes of maize to bridge the shortfall in production and augment local production.
With the release of 300,000 metric tonnes in February 2021, it is expected that the prices of maize in the Nigerian market will drop significantly, thereby increasing demand for the crop and ultimately enhancing the gains of maize farmers. Prior to the CBN-NCS collaboration, President Muhammadu Buhari had approved the release of 30,000 tonnes of maize from the National Strategic Grain Reserve to support the Poultry Association of Nigeria (PAN) at a subsidized rate.
Features of Corn
moisture max 14%
broken grains max 5%
damaged grains max 5%
foreign matters max 2%
moisture : 14.0% max.
total damaged kernels : 3.0% max.
protein : 9.0% min.
admixture : 2.5% max.
aflatoxin total : 20.0% max.
hectoliters : 72 kc max.
humidity : 14.5% max.
weight of bushel/lbs : 54 min.
radiation : none
other grains : 1.5% max.
other natural colour : 5.0% max.
type varity : 5.0% max.
Specification
| Product name | corn grit |
| Color | Yellow |
| Shelf Life | 12 months |
| Use | Food |
| Supply ablitity | 300 Metric Ton/Metric Tons per Month |
| Packaging Details | About 10-30kg/carton |
| Delivery Time | 7-25days after order for Mung bean |
| Packaging Details | About 10-30kg/carton |
| Delivery Time | 7-25days after order |
Prices of Corn
$200.00-$250.00/ Ton
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