The Deputy Chairman of the All-Farmers Association of Nigeria (AFAN), Lagos chapter, Mr. Shakin Agbayewa has stated that local price production can only meet 57% of the 6.5 million metric tonnes of rice consumed annually in the country.
This report contains information on items that witnessed price increase, price decrease, as well as information on special markets and market insights.
Nigerians have been hit with a further hike in the prices of food items such as flour, groundnut oil, pepper, tomatoes, noodles amongst others.
Major food items such as; tomatoes, onions, pepper, potatoes, local and foreign-made rice recorded a decline in their prices.
The continued closure of Nigerian land borders has led to the influx of poor quality local rice in recent weeks. The latest Nairametrics Food Price Survey found that prices of rice, tomatoes and other items dropped slightly across major markets in Lagos State.
Latest Nairametrics Food Price Survey reveals more brands of local rice have now flooded major markets in the country helping to drive down prices of local rice.
FG wants local rice farmers to reduce price of locally produced rice.
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