NIGERIA: Food stocks low, prices high, despite good harvest

KANO Friday, October 31, 2008 (IRIN) - Despite a good harvest in 2008 Nigeria’s grain stocks are running low causing cereal prices – which usually fall post-harvest – to climb, according to merchants and farmers in northern states. The combination of low stocks and high prices could have dire consequences for the whole country, since northern states produce 70 percent of the food for Nigeria’s 131 million people, said Abdullahi Koya, head of Kano’s Dawanau market, the largest grain market in...