Rice

The restriction, introduced on September 1 for a period of 60 days, was aimed at supporting farmers facing falling paddy rice prices during the harvest season.

The new organization will represent collective interests before the state and international partners to improve competitiveness of locally produced rice.

India’s aggressive export drive is likely to extend its grip on global rice trade, where it already accounts for around 40% of shipments

Rice sourced from India and Thailand typically enters the region through Cotonou before being re-exported informally into Nigeria.

The case arises from the government’s plan to import 250,000 metric tonnes of rice.