Association Of Rice Millers Reveals Reason Behind Nationwide Drop In Rice Prices

The Association of Rice Millers has attributed the nationwide decline in rice prices to the recent reopening of the Nigeria-Niger border.

Jonathan Joshua, the chairman of African Rice Millers in Nasarawa, made this assertion in a statement released by the association.

Joshua, who also serves as the national president of the Association of Small-Scale Agro Producers in Nigeria, emphasized that the price of rice is anticipated to decrease even further in the coming two months, particularly with the commencement of the harvest season.

The Association of Rice Millers has said the reopening of the Nigeria-Niger border is responsible for declining rice prices nationwide.

Jonathan Joshua, chairman of African Rice Millers in Nasarawa, disclosed this in a statement.

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.

Report has it that the prices of rice have decreased by 19 percent despite rising inflation, which stood at 33.20 percent in March 2024.

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