Food Industry
Companies, brands, and industry developments
Olam Rolls Out New Flour and Semolina Brands in Lagos
Olam Agri's wheat milling arm, Crown Flour Mill, has launched Mama's Choice Wheat Flour and Mama's Pride Semolina at customer sessions in Lagos. The company …
Nigeria's Food and Beverage Sector Eyes $233 Billion Market as agrofood Nigeria 2026 Returns to Lagos
Nigeria's food and beverage market is projected to reach $233.53 billion in 2025 and is growing at 10.76% annually through 2030, making it one of …
West Africa's Largest Agri-Trade Show Opens in Lagos in Three Weeks — What Agrofood Nigeria 2026 Means for Food Prices
Over 100 exhibitors from 14 countries arrive at Lagos's Landmark Centre from March 24–26 for Agrofood Nigeria 2026. Dutch cold chain and seed technology take …
USDA to Buy $263 Million of Food from American Farmers. It’s the Biggest Butter Purchase in Five Years.
USDA will buy $263M in food from American producers — including $75M in butter, its first major purchase in five years — plus cheese, beans, …
USDA Projects a 5-Million-Acre Corn Retreat as American Farmers Pivot to Soybeans. Here’s What It Means for Global Grain Markets.
USDA projects US corn plantings will fall nearly 5 million acres in 2026 while soybean acreage rises 3.8 million. Corn output drops 7% from last …
Cocoa Prices Have Crashed 55%. Your Chocolate Bar Still Costs More Than Ever. Here’s Why.
Global cocoa has plunged from $12,000/tonne to around $5,500 — a 55% crash. But retail chocolate prices jumped 14.4% in early 2026. The gap between …
The Missing Bill That Could Reshape Nigeria's ₦500 Billion Cocoa Sector
A presidential bill to establish a Nigerian Cocoa Board was transmitted to the National Assembly in November 2025 — then vanished. Farmers across Ondo, Osun, …
Why Nigeria's Farmers Lost Money While Consumers Celebrated Falling Food Prices
At the LCCI 2026 Agribusiness Outlook, experts revealed how the federal government's import waiver policy crashed farm-gate prices while consumers cheered cheaper rice and maize. …
FG and APC Governors Donate ₦8 Billion to Kano Singer Market Fire Victims — Solar Battery Explosion Confirmed as Cause
Vice President Shettima led a federal delegation to Kano, announcing ₦5 billion from President Tinubu and ₦3 billion from APC governors for Singer Market fire …
Nigeria Pushes Biofortified Crops to Tackle Malnutrition — Now Holds the World's Largest Portfolio
At a national workshop in Kano, the Federal Government reaffirmed its commitment to biofortified crops. Nigeria holds the world's largest portfolio including Vitamin A cassava, …
Agriculture Expert Warns Government Food Import Policy Could Hurt Local Farmers and Long-Term Food Security
Dr Fatai Afolabi warns that while food imports ease consumer prices short-term, they risk undermining Nigerian farmers if not paired with input subsidies and price …
Fire Destroys Over ₦5 Billion in Goods at Kano's Singer Market — 7 Dead, Over 1,500 Shops Razed
A devastating fire at Kano's Singer Market — northern Nigeria's largest commodity market — has destroyed goods worth over ₦5 billion, killed at least 7 …
Rice Prices Surge 15% Across Lagos Markets as Planting Season Approaches
Local rice prices have increased significantly in major Lagos markets including Mile 12, Daleko, and Oyingbo, with traders citing supply shortages and increased transportation costs …