The Kwara State Government has initiated an investigation into the unusual flooding that submerged rice farmlands spanning thousands of hectares in Shonga, Edu Local Government Area.
Nigeria has received a shipment of 32,000 tons of brown rice from Thailand as the government seeks to...
The global price of rice has dropped to its lowest level in 16 years, reaching figures last seen in 2008, according to data from the Thai Rice Exporters Association.
In the past one year, the price of food items especially staple foods has increased significantly. It has been adjudged that the increase in food prices is mainly due to depreciation of the naira, conflicts across the food producing regions of the country, high transportation costs and so on.
The price of rice increased by 98.47% between January 2023 and January 2024 according to the latest NBS food price survey.
The Special Adviser to the Governor of Lagos State on Agriculture, Dr. Oluwarotimi Fashola, has pointed to the erratic rainfall pattern, and hike in the price of diesel as key factors influencing the cost of local rice production.
The price of paddy rice has been projected to increase by 32% in the 2023/2024 crop production year as production output is expected to grow by 3.6%.
Nigeria is projected to import 2.1 million metric tons of rice in 2024, which may make the country the top rice buyer globally.
The price of major food items has significantly increased across several markets in Lagos State, as Nigeria grapples with the high cost of goods and services.
In a recent report, the Food and Agriculture Organization (FAO) revealed that global rice prices surged to a 15-year high in August.
Data from the National Bureau of Statistics' latest food price watch reveal staple food items consumed by everyday Nigerians surged by double digits in the month of May 2023 on a year-on-year basis.
Nigerians have continued to grapple with sustained food crises caused by supply chain disruptions, insecurity, low farm yields and flooding incidents
