Nigeria: AFEX’s Commodity Outlook Predicts a Decline in Production of Grain Commodities

Abuja, Nigeria//-Nigeria’s leading commodities market player, AFEX, unveiled its Annual Commodities Outlook report for 2023, forecasting that the impact of flooding, devaluation of the Naira, high logistics costs, and the social-political situation in the country will keep commodity prices at historically high levels, amid concerns of an impending food crisis and global recession.