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Monday, May 27, 2024

Reopening of Nigeria-Niger border responsible for declining rice prices – Millers 

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The Association of Rice Millers has claimed that the reopening of the Nigeria-Niger border is responsible for declining rice prices in the country.

This disclosure was made in a statement by Jonathan Joshua, chairman at African Rice Millers in Nasarawa.

Joshua, who doubles as the national president of the Association of Small-Scale Agro Producers in Nigeria, noted that the price of rice is expected to drop further in the next two months upon the commencement of harvest.

“Some mills that shut down production owing to the scarcity of paddy last year and early this year are now reopening as they can quickly source the grain from neighbouring countries due to the reopening of the Nigeria-Niger border.

“We expect paddy prices to drop further when farmers commence harvesting in two months,” he said.

Recall that rice prices decreased by 19 per cent despite rising inflation which stood at 33.20 per cent in March 2024.

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