{"id":160133,"date":"2022-03-11T06:34:24","date_gmt":"2022-03-11T05:34:24","guid":{"rendered":"https:\/\/www.withinnigeria.com\/news\/?p=160133"},"modified":"2022-03-11T06:34:24","modified_gmt":"2022-03-11T05:34:24","slug":"russia-ukraine-war-well-see-maize-trafficking-says-olusanya","status":"publish","type":"post","link":"https:\/\/www.withinnigeria.com\/news\/2022\/03\/11\/russia-ukraine-war-well-see-maize-trafficking-says-olusanya\/","title":{"rendered":"Russia-Ukraine war: We&#8217;ll see maize trafficking, says Olusanya"},"content":{"rendered":"<p>The CEO of Flour Mills of Nigeria, Boye Olusanya has stated that Nigeria will be affected by the crisis in Russia and Ukraine, and the\u00a0country needs to start discussing solutions.<\/p>\n<p>\u201cThe reality is that Russia and Ukraine are number one and number five in wheat production, and if you take that volume, which is almost one-third of global production, there would be an immediate impact on prices,\u201d he said.<\/p>\n<p>\u201cToday, the prices of wheat have gone up. There is a lag that comes because of inventory control, but it is something that we need to sit down with the government to say what measures can we put in place to alleviate what is coming.<\/p>\n<p>\u201cThe impact is not just on wheat alone; Ukraine is one of the largest producers of <a href=\"https:\/\/www.withinnigeria.com\/news\/2022\/03\/11\/russia-ukraine-war-dangote-asks-fg-to-ban-export-of-maize-to-avoid-scarcity\/\">maize<\/a>, which will also have a significant on maize, which is an alternative to wheat.<\/p>\n<p>\u201cYou will start looking at cross-border trafficking of maize, more farmers will look into taking maize out of the country.<\/p>\n<p>\u201cThe last impact is on fertilizers, and the impact is not just short term, you\u2019re looking at a one-off thing. You\u2019re looking an impact on production over a\u00a0 year to 18 months.<\/p>\n<p>\u201cWhen you look at all that and what then happens in pricing, obviously, if we don\u2019t manage this well, there will be significant volume compression, in terms of material that comes in and therefore the volume of food that is sold.\u201d<\/p>\n<p>He said this may affect fortification efforts, which will subsequently affect the health of Nigerians if a quick solution is not figured out<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The CEO of Flour Mills of Nigeria, Boye Olusanya has stated that Nigeria will be affected by the crisis in Russia and Ukraine, and the\u00a0country needs to start discussing solutions. \u201cThe reality is that Russia and Ukraine are number one and number five in wheat production, and if you take that volume, which is almost [&hellip;]<\/p>\n","protected":false},"author":17,"featured_media":160135,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_override_bookmark_settings":[],"jnews_override_counter":[],"footnotes":""},"categories":[16587],"tags":[32167,32166,5848,30816],"class_list":["post-160133","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-boye-olusanya","tag-fertilizers","tag-flour-mills-of-nigeria","tag-russia-ukraine-crisis"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.8 (Yoast SEO v27.8) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Russia-Ukraine war: We&#039;ll see maize trafficking, says Olusanya<\/title>\n<meta name=\"description\" content=\"The CEO of Flour Mills of Nigeria, Boye Olusanya has stated that Nigeria will be 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