Kenya consumes approximately 1.3 million tonnes of rice annually.
Farmers cultivate individual plots, store rice collectively, and sell during lean seasons.
This inflationary trend comes despite a bumper Boro crop, the largest in Bangladesh’s history.
The US$1.2 billion investment will fund a 5,000-hectare seed farm and expand cultivation to 500,000 hectares.
The region has already imported nearly 5 million tonnes of parboiled rice.