Commodities | |
Commodities | |
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Friday, March 16, 2018 /4:50 PM /FDC
Rice is
a widely consumed staple in Nigeria with aggregate demand in excess of 6mn
tonnes. Recently, there have been government assertions of self-sufficiency in
rice. The domestic price has been declining but there is a wide divergence
between imported, rural, urban prices and brands.
An
interesting and noteworthy development is that the global price of rice is
increasing whilst the domestic price is plummeting.
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